Governor Jerry Brown signs bill requiring women board members
Governor Jerry Brown signed SB 826 by Senator Hannah-Beth Jackson (D-Santa Barbara), which requires each publicly held corporation whose principal executive offices are located in California to have a minimum number of women on its board of directors. It allows the Secretary of State to review and issue reports regarding corporations’ compliance with the bill’s provisions and to impose fines for violations of the bill.
The bill imposes liability as of January 1, 2020.
In his signing message, Gov. Brown said that he questioned the legal status of the law, but signed the bill due to the overwhelming evidence that women are underrepresented on the boards of publicly held corporations.