*By Bridgette Webb*
Corporate boards are often much smaller than the companies they serve, but their importance shouldn't be underestimated, said Ăsa Regnér, UN Women's deputy executive director.
"Boards influence people's lives, so it's really important who is on those boards," Regnér said Monday in an interview on Cheddar.
That is perhaps why California just passed new legislation that requires public companies in the state to have at least one woman on their boards by the end of 2019. By 2021, a minimum of two women must sit on boards of five or more; three, when boards have more than six people.
For Regnér, it's about corporate America leading by example.
"I think these kinds of legislation are normally really good," she said. It's important "to ask people to actually shape up and do something about the injustice that we see."
But the law didn't sail through without opposition. Many argued it's not the government's right to dictate a company's board, and others argued the law may prioritize gender over other critical kinds of diversity ー like race and ethnicity, for example.
Regnér disagreed.
"There is already a quota going on, but it is an informal quota which favors men with a certain background," she said. "I don't think there is a contradiction to other backgrounds, this is one step I don't think \[demographics\] should fight each other."
For full interview [click here](https://cheddar.com/videos/%20Fostering%20an%20Unstereotyped%20Culture).
Indiana's initial estimate for Medicaid expenses is nearly $1 billion short of its now-predicted need, state lawmakers learned in a report that ignited concern over the state's budget and access to the low-income healthcare program.
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Senate leaders announced Tuesday that there will not be a vote this year on a border security package that included funding for Ukraine and Israel.
Criticism is continuing to mount on former President Donald Trump for his comments over the weekend saying immigrants are "poisoning the blood" of the country.
A former Proud Boys organizer was sentenced to 40 months in prison yesterday for his involvement in the January 6, 2021 attack on the U.S. Capitol.
Israel reportedly delivered an offer with possible terms for a second week-long ceasefire.
A divided Colorado Supreme Court is removing former President Donald Trump from the state’s primary ballot, saying in a historic ruling that he is ineligible to be president after his role in the Jan. 6, 2021, attack on the U.S. Capitol.
The death of a 5-year-old migrant boy and reported illnesses in other children living at a warehouse retrofitted as a shelter has raised fresh concerns about the living conditions and medical care provided for asylum-seekers arriving in Chicago.
New York State will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state under a bill signed into law by Gov. Kathy Hochul on Tuesday.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
Load More