Governor Brown Passes SB 826 Bill Requiring Women on Corporate Boards

California Governor Jerry Brown signed the SB 826 “Women on Corporate Boards” bill this past weekend, a landmark legislation requiring female representation on corporate boards. Specifically, SB 826 requires that at least one woman be on the board of publicly held companies in California by year end 2019. Despite concerns over its potential efficacy, the bill is an important step in diversity and inclusion, as well as for the advancement of women.

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SB 826 Women On Boards Passes. What Happens Next?

SB 826, known as the women on boards bill, narrowly cleared the California State Assembly with the minimum amount of votes required and then went on to clear the state Senate. The measure requiring corporate boards to include at least one woman by the end of 2019 and depending on the size of the company, up to three by the end of 2021 now sits on Governor Jerry Brown’s desk waiting to be approved or vetoed. Continue reading

NAWRB Writes Supporting Letter for California Bill SB 826

June 21, 2018

The Hon. Monique Limon
Chair, Banking and Finance Committee
California State Assembly
State Capitol, Sacramento, CA

Dear Hon. Monique Limon,

This letter expresses the support of Women in the Housing & Real Estate Ecosystem (NAWRB) for the passing of SB 826, “Women on Corporate Boards.” Having diverse members on corporate boards is not only an ethical decision—it’s good for business. Credit Suisse research demonstrated that companies are more profitable and more productive when they have at least three women directors on their boards, especially in return on equity and stock performance.

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