I would rather take the penalty, if it was my company.

Most, if not all of big corporations are headed by Woke idealogues or people that at least pander to them. Expect the big corporations to not challenge this law. They will either have a woman on their boards or they will have a man pretending to be a woman on their boards (crazed tranny or normal dude doing it for the money, the company won't care either way).