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Companies around the country have taken notice of the importance of gender and ethnic diversity, but certain enterprises and governments are doing more than others to mandate inclusion.
In September 2018, California passed legislation requiring every publicly held company with headquarters in the state to have at least one woman on its board of directors by the end of 2019. The mandate has high compliance so far, and additional benchmarks are coming up at the end of this year.
The push to add women to boards has not only increased the number of female board members but has also potentially created a path for more and broader diversity on boards of directors, experts say.
Before the bill was enacted, 29% of public companies headquartered in California had zero female corporate board directors, a KPMG report found. By the end of 2019, about 96% were in compliance with the mandate, according to KPMG. An analysis by the California Partners Project found that…
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