The new law sends a pretty powerful message itself that California, at least, values diversity. So much so that its lawmakers are willing to enact a law that takes government coercion to an uncomfortable extreme in pursuit of that goal. Under the law, companies headquartered in California must have at least one female director by the end of this year, and those with larger boards must have as many as three by 2021. Failure to comply with the law will draw a hefty fine, equivalent to a six-figure director salary, as well as public shaming — possibly even for companies that move their headquarters to avoid hiring female directors.
Source: latimes.com – Los Angeles Times