California Requires Companies to Introduce Diversity to Their Boards

US NEWS

Starting next year, California-based public companies are expected to diversify their boards in terms of race, ethnicity, and sexual and gender identity.

The law, signed into law by California Governor Gavin Newsom on Wednesday, requires companies to have at least one under-represented on board by the end of 2021, and at least two or three by the end of 2022, depending on from the number of the board.

Underrepresented people are defined by law as people who identify themselves as Black, African American, Hispanic, Hispanic, Asian, Pacific Islander, Native American, Hawaiian or Alaskan Native, or gay, lesbian, bisexual, and transgender …

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