California is 1st state to require women on corporate boards

Gov. Brown has signed a bill that makes California the first state to require publicly traded companies to include women on their boards of directors.

The measure requires at least one female director on the board of each California-based public corporation by the end of next year. Companies would need up to three female directors by the end of 2021, depending on the number of board seats.

The Democratic governor referenced the objections and legal concerns that the law has raised. The California Chamber of Commerce has said the policy will be difficult for companies to implement and violates constitutional prohibitions against discrimination.

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