Business

California governor signs bill requiring women on company boards

California Gov. Jerry Brown signed a series of bills into law with the cumulative stated mission to “protect and support women, children and working families.”

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Among the new laws is a requirement that will mandate the boards of companies headquartered in state to include women.

The groundbreaking legislation will impose penalties on any company without at least one woman on its board of director by the end of next year.

Beyond that, the law will require larger boards to include additional women. By the end of 2021, boards of at least five members must include two women and those larger than six must have three.

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