#1 - Sept. 12, 2018, 1:22 p.m.
The law requires a company to appoint one woman to its board of directors by the end of 2019. By the end of 2021 a five-member board would need to have two women, while boards with six or more directors would need three.
So what this means If you have a Large Corporation the state of California is now in control of it. How did we ever get this far out of control.
But wait it gets even better
The Legislature, always alert to possible micro-aggressions, defines female as “an individual who self-identifies her gender as a woman, without regard to the individual’s designated sex at birth.”
Want to know how well this worked for Norway?
Since 2008 Norwegian firms have faced dissolution if their boards aren’t at least 40% female. …
A 2012 study from USC professor Kenneth Ahern and University of Michigan professor Amy Dittmar found Norway’s “quota led to younger and less experienced boards, increases in leverage and acquisitions, and deterioration in operating performance, consistent with less capable boards.”