California outlawed the all-white-male boardroom. That move is reshaping corporate America

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California outlawed the all-white-male boardroom. That move is reshaping corporate America
Hundreds of public companies used to fill their corporate boards exclusively from their networks of familiar faces — typically white men. Then California outlawed the all-white-male boardroom in 2018.
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California outlawed the all-white-male boardroom. That move is reshaping corporate America

In 2018, California outlawed the all-white-male boardroom. The state’s requirements that publicly traded corporations diversify their boardrooms were ridiculed as quixotic by some. The courts are still threatening to erase the quotas.
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The bottom line is that diversity in corporate boardrooms is good for business. "Women now control more than a quarter of corporate board seats nationwide — 50% more than they did before the 2018 California law requiring women on boards was passed."
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California's ban on all-white-male boardrooms is spreading — Nasdaq is requiring nearly all of the more than 3,000 companies listed on it to have on their boards at least one woman and one non-White or LGBTQ, or explain to shareholders why they don’t
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California stepped into uncharted territory when it outlawed the all-white-male boardroom. The move may have been illegal, but it is nonetheless having a profound impact on corporate America. NEW in our U.S. of Calif series. (1/7)
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