New CA Law Requires Women On A Board Of Directors

On September 30, 2018, Governor Brown signed SB 826, which requires that by 2020, a domestic general corporation or foreign corporation that is a publicly held corporation, whose principal executive offices are located in California, must have a minimum of one female on its board of directors. By the end of the 2021 calendar year, the new law requires an increase in the required minimum number to 2 female directors if the corporation has 5 directors or to 3 female directors if the corporation has 6 or more directors. Read more about the new law here.