California's 165 All-Male Boards Face Deadline Under New Bill
- At least one female director required on public-company boards
- California Gov. Jerry Brown signs bill into law Sunday
Photographer: Tom Merton/OJO Images via Getty Images
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Some 165 California-based publicly traded companies without any female directors will have to find one or more by the end of 2019 under a bill signed by Governor Jerry Brown.
The push to get more women in the boardroom doesn’t stop there. The law requires a company with five directors to have at least two female members by 2021. If a board has six or more directors, three will have to be women -- a threshold many of the state’s giants including Facebook Inc. and Tesla Inc. don’t currently meet.