Not all officials are on board with the legality of the state's law to mandate the inclusion of female members on companies' board of directors
A California judge could overturn the law that mandates more women on corporate boards primarily occupied by men.
In 2018, Gov. Jerry Brown signed Senate Bill 826, directing all publicly held corporations in the state to increase female representation on their board of directors. The “Women on Boards” law required at least one board member who identifies as a woman by the end of 2019. In January, two women must represent boards with five directors and three women for those with six or more members.
The law was supposed to impose substantial fines to companies that fail to comply, starting with $100,000 for unreported board compositions to the California secretary of state’s office. Companies that don’t include the required number of female board members can be fined $100,000 for first violations and $300,000 for subsequent violations.
However, even with substantial fines, the law hasn’t been enforced.
“It’s required but there’s no penalty, so it’s essentially voluntary,” said Betsy Boggart, a division chief representing the secretary of state, in the Los Angeles Superior Court.
That revelation came on the second day of trial in a lawsuit by Judicial Watch, a conservative legal group that claims it’s illegal to use taxpayer funds to enforce a law that violates the equal protection clause of the California Constitution by mandating a...
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