California has passed legislation demanding that corporations headquartered in that state have at least one female on their board of directors by the end of 2019.
Stuck On Stupid.
Stuck On Stupid.
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CA demands 1 woman on board of directors
- Thread starter church mouse guy
- Start date
The good news the law only applies to corporations which have California charters. The only one of real note is Apple. They have two so they are one director short.
Would this law stand up on appeal? Could a Board of Directors just be abolished?
that or they will just move to another State/Commonwealth!
For some reason, Calif just loves it when companies move out of their State.
They don't have to physically move, Apple just has to move where its incorporated from California to Delaware.
Very interesting. Do you think that a state should be able to tell a company who can sit on the Board of Directors? If we could reduce federal income taxes to about ten percent on the middle class, millions of women could leave the workforce, which would be something that the left would not like at all.
Didn't say I agreed with the law. I'm just pointing out it isn't the catastrophe some her would make it out to be for Apple. It will be disastrous for other smaller businesses.
No, I understood you. I was just wondering if it would stand up in court, but I suppose that it would. I never met any women on Boards when I worked downtown so women could really cash in on this if there is a shortage of qualified women or some women could be paid just to keep a chair warm for the government. Men on Boards are usually so rich that their wives are in high society. Oh, Gov. Evan Bayh did somehow manage to get his wife Susan appointed to the Board of Lilly Pharmaceuticals, but the Bayhs are not that rich. Not to say that Lilly would bribe a politician--just sayin'.
May be true - but are we opening Pandora's Box ?
I've never seen a Pandora's Box the California Legislature didn't love to open. That's Dem or Rep.
They have already went, for is not their curerent president/CEO a married gay man?
One of the men on the board can "identify" as female. According to the libs and leftists you can now be whatever you decide you want to be.