California Finds at Least 43 Companies Failed to Add Women to Boards
A further 300 companies did not provide information on whether they had complied with a quota law.
The state of California said Monday that 43 companies reported they did not appoint a woman to their corporate board by the end of last year, as required by a 2018 law. A further 300 companies failed to disclose their status.
The California Secretary of State did not identify the 43 companies that reported they were not in compliance with the law among a list of 625 companies published Monday on the agency’s website. It’s not yet clear whether the companies with female directors that did not provide information are in violation of the law, the agency said.
If any companies are ultimately fined for missing the quota or not reporting, it would mark the first such regulatory action in the U.S.