Women in the boardroom
Boardrooms are about to get a much-needed makeover. This week, California became the first state to require publicly traded companies to have at least one woman on their board.
FYI: Before this law, there were more then 100 in the state with zero. #womanwin 💪🏼
Governor Jerry Brown signed the bill into law, which says that firms headquartered in the state have to include at least one woman by 2019, and corporations with six or more members on their board will need to have at least three female participants by the end of 2021. If firms fail to do so, they will be fined $100,000 the first year, and $300,000 for each additional year. And although the bill may face legal issues, Gov. Brown wrote,"Given all the special privileges that corporations have enjoyed for so long, it’s high time corporate boards include the people who constitute more than half the persons in America."
What are your thoughts here? On one hand we have more woman in the boardroom and on the other, does that mean we will have unqualified women for the position?