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California acts to increase diversity on corporate boards

Corporate diversity
Posted at 4:12 PM, Aug 29, 2020
and last updated 2020-08-29 19:12:02-04

SACRAMENTO, Calif. (AP) — California is moving closer to a first-in-the-nation law requiring corporate boards to include racial or sexual minorities, expanding on a new law that sets a similar requirement for including women directors. The diversity bill approved by the Senate on Saturday would require California-based public corporations to have one board director from an underrepresented community by the end of 2021. It returns to the Assembly for a final vote. Those who qualify would self-identify as Black, Latino, Asian, Pacific Islander, Native American, Native Hawaiian or Alaska Native, or as gay, lesbian, bisexual, or transgender.