Following the passage of a law that boosted the number of women on California corporate boards, those boards will soon be required to add members of more underrepresented groups.
On Sept. 30, Gov. Gavin Newsom signed AB 979, which is modeled on SB 826, a 2018 bill, which was signed into law and required boards of California-based publicly held companies to have at least one female director by the end of 2019 and to increase the number of female directors by the end of 2021. Violators of either law can be fined as much as $300,000.
