The golden state is the first in the US to mandate female board representation. But is such a quota constitutional?
Quotas are controversial. Nobody likes being told what to do, least of all directors of public companies. Politically imposed quotas are especially controversial in the US, where debate around the government’s role in public life extends to much more fundamental issues such as healthcare and public safety.
But against this backdrop last year, California’s then governor, Jerry Brown, signed a bill into state law on October 1, 2018 mandating that public companies headquartered in the golden
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Ben Ashwell
Ben Ashwell is the editor at IR Magazine and Corporate Secretary, covering investor relations, governance, risk and compliance. Prior to this, he was the founder and editor of Executive Talent, the global quarterly magazine from the Association of...
Editor
