California’s Jerry Brown Signs Law Requiring Women on Corporate Boards
Posted by M. C. on October 3, 2018
Definition of socialism
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a: a system of society or group living in which there is no private property
b: a system or condition of society in which the means of production are owned and controlled by the state
What group du jour is next?
By Joel B. Pollak
California Governor Jerry Brown signed a bill Sunday that will require companies to meet quotas for the representation of women on corporate boards.
SB 826, authored by State Sen. Hannah-Beth Jackson (D-Santa Barbara), requires any “publicly held domestic or foreign corporation whose principal executive offices … are located in California” to place at least one female member on its board. By 2021, such corporations must have two female board members if they have five directors, and three if they have six.
Only a small percentage of corporations, however, have no female board members. The Wall Street Journal noted Monday: “Among firms in the Russell 3000 Index, which includes most public companies on major U.S. stock exchanges, 485, or 17%, had all-male boards in the second quarter.”…
Be seeing you
The face of socialism.
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