California will now require publicly traded companies headquartered in California to place women on their board.
While I am a big supporter of women in business I think legislating quotas of how many women should be on a board is a bad move. There are very strong economic reasons to do put women in leaderships – but forcing it is only going to cause a second guessing. And companies are going to have to do it to comply (with resentment) rather than for seeing it to be the right thing to do.
AND I’ve already moved a number of companies from California to other states as part of my legal practice. Will this lead to more?
#corporatelaw #womensrights #lawandlegislation #business
The Our Shawn (R. Shawn McBride) is a lawyer that concentrates his practice on business law, particularly business partnership issues. His blog is at www.mcbrideattorneys.com/blog.
This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.