October 2, 2020

CA Corporate Boards Now Required by Law to Have a Director from 'Underrepresented Communities'

  • Flyover Country

By: Ted Patterson

In Brief:

A new California law mandates corporate boards include at least one director from groups of “underrepresented [communities].”

The Background:

DISRN reports:

California Gov. Gavin Newsom has signed the first bill in the country that requires all corporate boards to possess at least one director from an "underrepresented community." The requirement will take effect by the end of 2021.

The law defines an "underrepresented community" as those who identify as lesbian, gay, bisexual, or transgender or as part of a racial minority.

Notable Quotes:

"I support the idea of boards being diverse and reflecting the community of consumers, but Gavin Newsom really has nothing to do or say about it, nor should the state.”

  • Republican National Committeewoman Harmeet Dhillon

Ted Patterson is editor of Republic Press.

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