Is California's Boardroom Policy a Step Toward C-Suite Gender Parity?
*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).
A U.S. general says Russia has operationally lost the war in Ukraine, a court says federal workers are not owed COVID-19 hazard pay, and Microsoft officially shuts down Internet Explorer. Here is everything you Need2Know for Wednesday, February 15, 2023.
The Biden administration on Wednesday announced a new program under the Bipartisan Infrastructure Law that aims to expand the infrastructure needed to keep electric vehicles charged.
Nikki Haley, the former South Carolina governor and United Nations ambassador, announced her candidacy for president on Tuesday, becoming the first major challenger to former President Donald Trump for the 2024 Republican nomination.
The White House defended the shootdowns of three unidentified objects in as many days even as it acknowledged that officials had no indication the objects were intended for surveillance in the same manner as the high-altitude Chinese balloon that traversed American airspace earlier this month.
Millions of Medicaid recipients could find relief in the form of food shopping funds as the Biden administration begins approving state requests to use the coverage for groceries.
It is still not known where the second, third, and fourth flying objects shot down by U.S. military fighter jets originated from, a White House spokesperson said Monday.