All the way back in 2018, California passed Senate Bill 826 requiring publicly-held corporations with principal executive offices in California to have a certain number of females on their board of directors. Similarly, in 2020, Assembly Bill 979 was passed which required publicly held corporations headquartered in California to diversify their board of directors with
Diversity
AB 979 Requires California-Based Publicly Held Corporations to Diversify Their Boards of Directors
On September 30, 2020, Governor Newsom signed Assembly Bill (“AB”) 979, which requires publicly held corporations headquartered in California to diversify their boards of directors with directors from “underrepresented communities” by December 31, 2021. This bill is similar to Senate Bill 826, signed into law in 2018, which required publicly held corporations headquartered in…
California Requires Large Insurers to Report Board Diversity, Spending with Diverse Businesses
A new California law requires large insurers to report on the demographics of their governing boards and the amounts they spend with businesses owned by minorities, women, LGBT individuals, veterans, and disabled veterans. Under the new law, Senate Bill 534 (SB 534), reporting will be required on a biennial basis beginning on July 1, 2020.…
Jackson Lewis Statement in Response to University of San Diego Law School Professor’s Op-Ed
Written by Guillermo Escobedo and Kristen Silverman-Hunter
As an on-campus recruiter and scholarship donor at the University of San Diego School of Law, Jackson Lewis P.C. issues this statement in light of the ongoing debate surrounding Professors Lawrence Alexander and Amy Wax’s op-ed, “Paying the Price for the Breakdown of the Country’s Bourgeois Culture…