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Board Diversity Laws ‘Aren’t Optional,’ California AG Warns

  • Rules require public companies to have more women on boards
  • Rob Bonta doesn’t rule out enforcement action, amid lawsuits
Rob Bonta
Rob BontaPhotographer: David Paul Morris/Bloomberg

California’s attorney general said he’s prepared to remind publicly traded companies about state requirements for more diverse board members, including the potential for enforcement action. 

Rob Bonta said that his office has the ability to send out written reminders on the state’s policies. “We have found that in the past, clarity from an enforcing agency about the duties and obligations and putting it on paper and seeing our seal and our signature on it helps encourage compliance,” he said in a Bloomberg interview Thursday. “We haven’t done that at this point, though.”