Government,
Corporate
Sep. 1, 2020
Corporate boards minority quota bill passes Legislature
Companies that don’t comply with the law would face fines between $100,000 and $300,000.
The state Legislature submitted a bill to Gov. Gavin Newsom that would require publicly-held corporations to have at least one director who is a racial or sexual minority on their boards by the end of 2021, if the corporations are headquartered in California.
A separate law signed by Gov. Jerry Brown in 2018 requires quotas of women on such boards.
If approved by Newsom, Assembly Bill 979 would a...
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