What we do
California Gets Pushy
September 05, 2018
Our inbox is filled to overflowing!
Last Wednesday California legislators passed legislation mandating women on boards – and our friends and colleagues are asking for our two cents.
By way of background, if approved by the senate (which passed an earlier version of the bill) and then signed by Governor Brown (who hasn’t signaled his stance), publicly-traded companies based in California would need to have at least one woman on their boards by the end of 2019. And the requirements would escalate over the next few years depending on the size of the board.
While Trewstar has no new or brilliantly insightful stance on quotas or California’s proposed rules, this legislation would certainly move the needle. Eighty-six California companies in the Russell 3000 with all-male boards would reach their day of reckoning within 18 months or face financial penalties.
To all those male-only boards (and those that simply recognize the benefit of having more outstanding directors who coincidentally are women), we like to say that we aren’t here to tell you why you should add women. We are just the solution. Please join the long list of other boards we have helped with our comprehensive start-to-finish process.
Beth Stewart
Founder and CEO
Trewstar Corporate Board Services
