Proposed Law: Put People Of Color On California Boards Or Be Fined

From CBS Sacramento:

July 23, 2020

SACRAMENTO (CBS13) — Lawmakers have introduced a new bill that would force public corporations headquartered in California to increase ethnic representation on their board of directors or pay a fine.

Assembly Bill 979 was introduced by Assemblymembers Chris Holden (D-Pasadena) and Cristina Garcia (D-Bell Gardens). If signed into law, companies without a director from an “under-represented community” could be forced to pay between $100,000 and $300,000.

The bill currently defines “under-represented groups” as African American, Hispanic, and Native American, but is expected to be updated next week to include Asian, Pacific-Islander, Native Hawaiian and Alaska Native.

Read more at CBS Sacramento