California Law Set To Boost Board Diversity

Jackie Liu, Alfredo Silva, Alexa Belonick, and Will Carter authored an article for Corporate Secretary covering California’s Assembly Bill (AB) 979, a groundbreaking new law that would require companies to diversify their boards and reserve seats for directors from ‘under-represented communities.’

“If Governor Gavin Newsom signs the bill this week, it will be the first of its kind in the U.S. as no other law mandates representation from deemed under-represented communities on company boards,” the authors wrote.

They added that the bill, which the state legislature passed on August 30, 2020, would “require all publicly held companies with headquarters in California to have a minimum ratio of members from under-represented communities.”

Read the full article.