California Lawmakers Approve Racial Quotas for Corporate Boards
- New law would build on the state mandate for female directors
- Big boards would be required to have at least three minorities
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California passed a bill to require corporations to include a minimum number of people of color on their boards, which would be the nation’s first such law.
The proposal, building on the state’s mandate that most boards must include at least three women by the end of next year, would require that by then, at least one board member be from an underrepresented community: Black, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian or Alaska Native.