October 2, 2018
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7:58Now PlayingIn this Majority Report clip, is California's new law good?
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"Jackson is now hoping to see California become the first state to mandate that corporations have at least one woman on their boards by the end of 2019. By 2021, under her bill, boards with five members would be required to have at least two women, and boards with six or more members would be required to have at least three. Those companies that failed to comply would be fined an amount equal to the average compensation for a board member.
“There’s a dam in the way of progress and opportunity, and that dam is the boardroom,” Jackson said. “We feel that corporate culture starts at the top, and if women are left out of corporate boards, we lose their expertise and leadership.”"*
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