California Requires Women on Corp Boards by law.

[Angrboda]

"By the end of July 2021, a minimum of two women must sit on boards with five members, and there must be at least three women on boards with six or more members."

Gov Brown states "...recent events in Washington, D.C. — and beyond — make it crystal clear that many are not getting the message."

http://www.latimes.com/politics/la-pol-c...story.html#

I fail to see the logic other than misguided forced diversity. This is not something that should be legislated. Maybe I'm just a C. Pig.

What say you?

I suppose it depends upon whether you see it as affirmative action, or as simple discriminatory hiring quotas. There's also a much broader argument based on the responsibilities of boards to their companies, and to people as a whole, which I won't go into, other than to drop the following:

MYTH NO. 2

Corporations must be run to maximize value for shareholders.

This is an almost universal belief among corporate executives and directors — that it is their principal mission and legal obligation to deliver the highest possible return to their shareholders. The economist Milton Friedman first declared in the 1970s that the “one social responsibility of business [is] . . . to increase its profits,” but the corporate raiders of the 1980s were the ones who forced that view on executives and directors, threatening to take their companies or fire them if they didn’t go along. Since then, “maximizing shareholder value” has been routinely used to justify layoffs and plant closings, rationalize an orgy of stock buybacks, and defend elaborate corporate schemes to avoid paying taxes. It is now widely taught by business schools, ruthlessly demanded by Wall Street’s analysts and “activist” investors, and lavishly reinforced by executive pay packages tied to profits and share prices.

In fact, corporations are free to balance the interests of shareholders with those of customers, workers or the public, as they did routinely before the 1980s, when companies were loath to boost profits if it meant laying off workers or cutting their benefits. Legally, corporations can be formed for any purpose. Executives and directors owe their fiduciary duty to the corporation, which is not owned by shareholders, as widely believed, but owns itself (in the same way that nobody “owns” you or me). The only time a corporation is obligated to maximize its share price is when it puts itself up for sale.

Washington Post | Five myths about capitalism