Gavin Newsom signs law requiring California companies to name minority or LGBTQ leaders - Kotaku In Action 2

Gavin Newsom signs law requiring California companies to name minority or LGBTQ leaders (archive.is)

posted 4 years ago by Galean 4 years ago by Galean +45 / -1

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– davidverner 17 points 4 years ago +17 / -0

Is it just me or doesn't this law discriminate violate gender discrimination laws at the federal level?

SEC. 2. Section 301.3 of the Corporations Code is amended to read:

301.3. (a) No later than the close of the 2019 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation’s SEC 10-K form, are located in California shall have a minimum of one female director on its board. A corporation may increase the number of directors on its board to comply with this section.

(b) No later than the close of the 2021 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation’s SEC 10-K form, are located in California shall comply with the following:

(1) If its number of directors is six or more, the corporation shall have a minimum of three female directors.

(2) If its number of directors is five, the corporation shall have a minimum of two female directors.

(3) If its number of directors is four or fewer, the corporation shall have a minimum of one female director.