Corporate
Jul. 6, 2021
Challenge to board diversity revived, but to what effect?
To date, no corporation itself has challenged either law. And in March 2021, more than two years after the enactment of SB 826, the California secretary of state reported that of the 318 corporations that filed a 2020 Publicly Traded Corporate Disclosure Statement, “311 reported compliance with the 2020 Women on Boards requirements.”
Virginia F. Milstead
Partner
Skadden, Arps, Slate, Meagher & Flom LLP
Phone: (213) 687-5000
Email: virginia.milstead@skadden.com
Virginia has a broad commercial litigation practice, including the representation of foreign-domiciled clients, with a particular emphasis on securities and merger litigation.
On June 21, the 9th U.S. Circuit Court of Appeals revived one of the lawsuits challenging Senate Bill 826, a law enacted in 2018 requiring certain publicly traded companies headquartered in California to have a minimum number of women on their boards of directors.
In Meland v. Weber, 2021 DJDAR 6120 (9th Cir., June 21, 2021), the unanimou...
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