California Legislature Passes Bill to Require Diversity on Corporate Boards
September 3, 2020
This week, the California Legislature passed a bill that requires diversity on corporate boards in California. The legislation, AB 979, is joint authored by Assemblymembers Chris Holden, Cristina Garcia, and David Chiu, with Eloise Gomez Reyes as principal co-author. The bill requires publicly held corporations headquartered in California to have at least one director from an underrepresented community by the close of 2021.