New Jersey Follows California in Measure to Add Women to Boards
- Four other states already have similar non-binding resolutions
- Law prompts questions of consitutionality but so far no suits
Photographer: PeopleImages/E+ via Getty Images
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A new bill in the New Jersey legislature would require many public companies based in the state to have at least three women on the board by 2021. The measure is the first to mimic a California law signed in September and signals the potential for more states to follow.
Both the California law and New Jersey’s proposal call for public companies domiciled in the state to have at least one female director by 2019. Those with more than five directors are supposed to have three women by 2021.