Dr. Charles Theuer writes in Forbes:

A “Diversity on Boards” report issued in March 2022 by the California secretary of state found that 301 out of 716 impacted corporations had complied with AB 979 and 186 had complied with SB 826 in 2021. I am confident these numbers will continue to increase and not because noncompliant firms face fines of $100,00 for first violations and $300,000 for repeat violations. (Notably, no companies have been fined and the state has expended no tax dollars to actually enforce either measure.) Rather diversification strengthens a corporate board..In essence, the California initiatives have defined a moral imperative that continues to gain steam as a best practice in corporate governance. 

Diversity Is Strength In The Corporate Boardroom