Credit: fizkes/Shutterstock.com General Counsel Need to Be Ready for New California Board Diversity Mandate
If signed into law, the board diversity bill will require boards to have at least one diverse director by Dec. 31, 2021. Violations of the requirement could result in hundreds of thousands of dollars in fines.
September 16, 2020 at 05:04 PM
4 minute read
In-house leaders for California-based companies should be preparing for new state legislation that requires boards of directors to include members of "underrepresented communities" and imposes hundreds of thousands of dollars in fines for violations of the diversity mandate.
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