Beer
Well-Known Member
This seems insane to me. Not sure how I'd feel if I was one of those minorities that get new positions. Would you always wonder if you really deserved it or were just some sort of mercy hire?
"Governor Newsom has signed a first-in-the-nation bill requiring California businesses including some Silicon Valley giants to have diverse boardrooms.
The law, signed into law by Newsom Wednesday, legally requires all public companies headquartered in California to have at least one board member from a racial or sexual minority by the end of 2021.
This includes someone who identifies as black, Latino, Asian, Pacific Islander, Native American, Native Hawaiian or Alaska Native, or as gay, lesbian, bisexual or transgender.
As well as having one diverse director by the end of 2021, companies with four to nine board members will then be required to have at least two members from an underrepresented community by the end of 2022.
Three directors are required for boards with nine or more directors by the end of 2022.
Firms that don't comply will face fines of $100,00 for first violations and $300,000 for repeated violations. "
"Governor Newsom has signed a first-in-the-nation bill requiring California businesses including some Silicon Valley giants to have diverse boardrooms.
The law, signed into law by Newsom Wednesday, legally requires all public companies headquartered in California to have at least one board member from a racial or sexual minority by the end of 2021.
This includes someone who identifies as black, Latino, Asian, Pacific Islander, Native American, Native Hawaiian or Alaska Native, or as gay, lesbian, bisexual or transgender.
As well as having one diverse director by the end of 2021, companies with four to nine board members will then be required to have at least two members from an underrepresented community by the end of 2022.
Three directors are required for boards with nine or more directors by the end of 2022.
Firms that don't comply will face fines of $100,00 for first violations and $300,000 for repeated violations. "