California Dreamin’: The Impact of the New Board Gender Diversity Law
DECEMBER 12, 2018
Just as the Mamas & the Papas pioneered the folk-rock scene of the 1960s as one of the first truly gender diverse music group, their native state of California is breaking ground for increased board gender diversity in the United States. Unlike a growing number of countries in Europe and around the globe that have instituted comply-or-explain policies and/or gender diversity quotas, the U.S. has not implemented regulatory requirements in relation to board gender diversity. The U.S.’s market-driven approach to gender diversity may begin to change, as quotas mandating board gender diversity are introduced and put into law in the state where the highest number of U.S. companies maintain their headquarters. California’s recently passed Senate Bill (SB) 826 is the first law in the United States to introduce such measures.