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New CA law says companies must name minority, gay directors

New CA law says companies must name minority, gay directors

Gov. Gavin Newsom signed a law on Wednesday aimed at compelling public corporations headquartered in California to appoint minority or LGBTQ directors to their boards of directors. It mirrors legislation signed by former Gov. Jerry Brown in 2018 that requires California-based corporations to appoint women to their boards of directors. “When we talk about racial justice, we talk about empowerment, we talk about power and we need to talk about seats at the table,” Newsom said before signing the bill. The new law, , directs corporations to appoint leaders from under-represented communities...

September 30, 2020
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