More than half of California’s public companies did not have enough women on their boards as of March to put them in compliance with the state’s end-of-year deadline to increase gender diversity in the boardroom, according to a study.
According to research by 50/50 Women on Boards provided to Reuters, 54% of active Russell 3000 companies headquartered in California still needed to add or replace directors to comply with a state law requiring that boards include from one to three women, depending on the size of the board.
Majority of Calif. cos still need women directors by looming deadline | Reuters