This week a California judge struck down a law that required public companies in the state to have at least 1 woman on their Board, with larger Boards required to have 2-3 women. The law was enacted in 2019. Of course, the Superior Court judge ruled the law was unconstitutional as it violates the “equal protection under the law” clause by mandating gender-based quotas.
When the law was enacted in 2019, the governor said he knew the law was “on shaky ground” but he got bullied by the #MeToo movement. It took 3 years for the courts to decide. Another huge waste of taxpayers’ money. From 2019 to this week, the law imposed huge fines ($100,000 to $300,000) on companies that failed to meet the quotas. Another waste of money!
Company Board members play a significant role bringing governance, industry expertise, ethics oversight, financial stewardship, personal connections and influence, and strategic skills to the company. These positions are extremely critical to a successful company. Gender should never be the determining factor for appointment to the Board.
Many women are qualified to serve on company boards and should be selected based on the factors stated above. Gender is not on the list.
High Truths and Low Lies 