9th U.S. Circuit Court of Appeals
Mar. 11, 2021
9th circuit considers California’s board diversity law
A panel of federal appeals judges on Wednesday appeared ready to allow a shareholder to challenge California’s corporate board diversity law.
A panel of federal appeals judges on Wednesday appeared ready to allow a shareholder to challenge California's corporate board diversity law.
SB 826, signed into law in 2018, requires California-based corporations to have at least one female director, and by the end of 2021 that number will increase in proportion to the size of the board. Companies that are not in compliance can be fined up to $300,000..
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