Business & Corporate
An Unconstitutional Mandate? California’s Gender-Based Board Law and Its Uncertain Legal Future
In response to increasing public attention on the small percentage of women serving on corporate boards, the California Assembly passed Senate Bill 826 (the Act). The Act requires that all public companies headquartered in California have at least one female director and, beginning in 2021, a percentage of female directors based on the size of its board. Although championed by the National Association of Women Business Owners and other activists, the Act will face legal challenges to its implementation, and its overall impact may be muted.