Breitbart CA: 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.”
The bill’s approach mirrors that of South Africa’s “black economic empowerment” system, which sets guidelines for the percentage of black ownership of major companies in that country. Given the small pool of qualified black investors in that country, the system has been abused by a small, politically-connected elite who are “re-empowered” in company after company — often to the detriment of the outsiders whom the policy was originally intended to benefit.
The Journal noted two other problems: first, that the new law could be unconstitutional, since it discriminates against men; and second, that it is not clear that California has jurisdiction over board of companies officially incorporated in other states.
LOL, that will go down really well.
Again ignoring all the other genders that have been created in the past few years. When will they be represented??? When???
Democrats. Providing unworkable solutions for problems that don’t exist.
Well at least one member will now identify as a woman. Problem solved for now.
Gov. Moonbeam needs to change his gender to be fair to the
peopleidiots of California. Go ahead, jackwagon, have your nuts cut off.When the government dictates how you operate your company its called fascism
What about companies that already have a majority of women on their board? Will they have to add men to meet the new law?
Damn it, we don’t want another wave of Californians coming to Texas. First build the wall around CA, then along the Rio Grande.
Make it stop!!
This man has an extremely diminished mental capacity.
So, California is now saying that there is, in fact, a gender called “female” that is separate and distinct from another gender called “male”? Or can currently male members just sign a document claiming they identify as female and then just go about their business as before?
Ja Wohl mein Fuhrer!
Most publically held corporations are not California corporations. Even Google is a Delaware entity. So that just leaves the “principal executive office” standard, which is easy to change.
The level of hubris in California state government is astounding, though. Jerry Brown knows that this law is unconstitutional (he himself referred to fatal flaws), yet signed it into law thereby mandating the inevitable legal challenges. These are the types of conceited morons who will continue to drive California into the ground.
I’m guessing he doesn’t realize there are about two dozen more gender identities he didn’t address. The taxpayers will now pay for the countless law suits for discrimination, and corporations will move their corporate headquarters.
Shooting themselves in the foot is a good analogy, but shooting themselves in the genitals is better.
Did he do the same for garbage collector e and construction workers?
California is the worlds largest mental institution.
Anyone still wonder why so many lawyers support the communist party? Look at all the job security this law is going to create for plaintiffs attorneys and defense lawyers.
Can existing board members just wear skirts and put on lipstick?
Is this asshole ever leaving office?
Does that include those that believe that they are women?
TWO first reactions
1) “Attack of the 50 foot Pantsuit!”
2) A WHOLE LOTTA male CEOs are *suddenly* start identifying as woman!
How sexist of Kalifornicate to think women aren’t able to get on the Boards of Corporations without Gov’t help!
TOKEN.
Job opportunity for token female.
No requirements. No duties. No need to show up.
The word “Token” will be added after your name to all correspondences.
If you open your mouth you will be tolerated with an apparent sense of gravity; and then roundly ignored.
izlamo delenda est …
Gov. Schwartzeneger wants his job back: https://youtu.be/BKJ9sWln6HE?t=253
At last, Affirmative Action for women in California. I see a mass exodus coming soon.
But they are better and smarter than men right? That’s what we’ve been hearing for 40 years now. Only the patriarchy keeps them out of STEM, otherwise they would exceed males at that too. And arm-wrestling? Forget it. Women will beat you there too, nine times out of ten. They are superior in every way. Okay, fine. So why should the gov’t have to legislate their promotion if they’re SO MUCH SMARTER? Hmmmm,….confused.
I’m sorry Moonbeam, my business is MY BUSINESS. Go fuck yourself. I’ll do what I want and hire who I want.
Diversity is DILUTION.
Next up……..“publicly held domestic or foreign corporation whose principal executive offices … are located in California” to place at least one black, disable, tranny member on its board in addition to at least one demented Armenian dwarf with a speech impediment”……
It won’t stand up in court. It would be like saying you need to have a white guy on the basketball team.
Just add the required number of females to the board regardless of qualifications and make it plain they were hired because they have a vagina and let them be mere quota holders without any responsibilities.
Such a blatantly sexist and fascist move deserves such a response. Tim above said it well. They will be mere tokens.
The law demeans all women, like they cannot get on a board. Those that do will all be suspected of suboptimal performance.
This kind of action is more proof his name, Brown, was selected to reflect a disagreeable smelly substance of the same color that is a more crude name for a mix of nonsense and lies.
Cherry Brown says
a woman on every corporate board.
Well that’s easily done when this same
Cherry Brown
has granted the right to gender identify
as one pleases.
Presumably,
a frog could sit on a corporate board
as a matter of right because
the frog self-identifies as a woman !
Does it have to be a biological woman, or can a tranny fill the high heels?
Considering that brown isn’t a real governor, it’s a valid question.