Questions Loom As Calif. Public Co. Boards Must Add Women

By Chelsea Naso (October 1, 2018, 7:50 PM EDT) -- Public companies based in California will need to have at least one female director by the end of next year or pay up under a new state law, but the actual effect of the new legislation, as well as its constitutionality, has been called into question.

California on Sunday passed a law that would require any publicly held business with its "principal executive offices" located in the state to have at least one female director by the end of 2019. By the end of 2021, boards with five members will be required to have two female directors, while boards will six...

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