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If a company is publicly traded the Board is elected by the shareholders. How can they tell the individual shareholders who to vote for? You know that if they get away with this that next up will be mandated racial/ethnic/religious mix requirements.
Wait until many of these companies unpleasantly find out their biggest stock holder is CALPERS.
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Originally Posted by Biker53
If a company is publicly traded the Board is elected by the shareholders. How can they tell the individual shareholders who to vote for? You know that if they get away with this that next up will be mandated racial/ethnic/religious mix requirements.
biker53 is right. who cares who the biggest stock holder is, chances are they dont own enough stock to force anything on the board.
California could become first state to require women in boardrooms
Another crazy and ridiculous California law .
Enough with the identity politics and ridiculous regulations.
Looks like it could be unconstitutional too . They keep coming up with these bad laws to make it seem like they are doing something instead of actually fixing the real problems in the state.
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A controversial bill requiring that publicly traded California companies include women on their boards of directors heads to the Assembly floor this week.
SB826, which is opposed by many business groups, would make California the first state with such a mandate.
The legislation would require that each public corporate board in the state include at least one woman by the end of 2019. This requirement would grow to two for five-member boards and three for corporations with at least six board members by 2021.
“California manufacturers are always looking to diversify their workforce and their executive leadership, which is why we understand the intent of SB826 but oppose the manner,” Dorothy Rothrock, president of the manufacturers and technology group, said in a statement. “A state law that requires California-based companies to either arbitrarily dismiss a male member of their board of directors or create a new seat on their board without allowing men to be hired or elected to that position violates the U.S. and state constitutions.”
The far reaching arm of affirmative action is pushing into the board room.
I'm all for women in the board room as well as whites, blacks, hispanics, asians, gays, men that want to be women and vice versa or anyone else BUT they all need to earn that spot at the big table through education, hard work and intelligence.
Simply forcing someone in to fill a government mandated quota is really short sighted. People should be inspired to work harder and smarter to earn that spot and not just have it handed to them because they were born as X.
What's next?
I'm a white guy and I'm not a racist but I find it troubling that white men are disproportionately represented on NBA and NFL teams.
The far reaching arm of affirmative action is pushing into the board room.
I'm all for women in the board room as well as whites, blacks, hispanics, asians, gays, men that want to be women and vice versa or anyone else BUT they all need to earn that spot at the big table through education, hard work and intelligence.
Simply forcing someone in to fill a government mandated quota is really short sighted. People should be inspired to work harder and smarter to earn that spot and not just have it handed to them because they were born as X.
What's next?
I'm a white guy and I'm not a racist but I find it troubling that white men are disproportionately represented on NBA and NFL teams.
exactly...I am all for fairness...but earned fairness, not regulated diversity
an overburdening regulation like this is exactly fascism by definition
Awesome, more of not hiring the best person for the job but just a person to fill a slot. We have plenty of that at my company. If you fit a certain profile, you will be put on the fast track to management....
The far reaching arm of affirmative action is pushing into the board room.
I'm all for women in the board room as well as whites, blacks, hispanics, asians, gays, men that want to be women and vice versa or anyone else BUT they all need to earn that spot at the big table through education, hard work and intelligence.
Simply forcing someone in to fill a government mandated quota is really short sighted. People should be inspired to work harder and smarter to earn that spot and not just have it handed to them because they were born as X.
What's next?
I'm a white guy and I'm not a racist but I find it troubling that white men are disproportionately represented on NBA and NFL teams.
Yeah I agree . It should be the best person for the job . Not “we are bringing on a woman because we have a government requirement to fill “
It’s just another example of government regulation and not a pro business move .
I don’t think businesses will move out of CA just because of this but all these anti business policies add up and make CA a less attractive place to do business .
This , plus the $15 min wage law , plus all the other regulations and hoops to jump through for the privilege of doing business in CA
CA politicians are so arrogant they act like CA is the only game in town .
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California could become first state to require women in boardrooms
