TGIF! This week California Governor Jerry Brown signed a bill into law that will require California-based publicly traded companies to have at least one woman on their boards by next year. What else does this new law require? Keep reading…
Check back at the end of each week for our Friday finds. Here’s what we’re reading – October 5.
How a bill becomes a law
Queue the Schoolhouse Rock music (sorry, had to!).
California is officially the first state that will try to require companies like Apple, Facebook and Alphabet to add more women to their boards by Shirin Ghaffary for recode and These tech companies will need more women on their boards by Scott Thurm for Wired.
The new California law aims to close the gender gap in the boardroom, and encourage corporations to reach equal representation. While the law already has some detractors, it’s a huge step forward for California, and Silicon Valley, to finally include more women into the top levels of some of tech’s most influential organizations.
We’re hoping that as more companies reach gender parity, or at least the required minimum representation, it will trigger a trickle down effect. While the new law doesn’t require other underrepresented groups on corporate boards, perhaps opening boardrooms to gender equality will lead the way.
While this is the first law of its kind in the US, several European countries have similar policies in place. For over a decade, Norway has required women to hold 40 percent of board positions. It’s probably no small coincidence that they also have one of the best (and most equal) parental leave policies. Will the new California bill lead to other gender-equal policies? Improved maternity benefits? Paternity leave? Let us know what you think!
What are you reading, watching, and listening to? Share your thoughts in the comments below.
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