California Law Is Increasing Gender Diversity In Boardrooms

The video discusses a 2019 McKinsey study highlighting gender diversity issues in executive roles, with women holding only 21% of such positions. California's SB 826 law, enacted in 2018, mandates publicly held companies to include at least one woman on their boards by the end of 2019. The law has led to a 23% increase in female board members in California, outpacing the national average. However, small companies face challenges meeting the quota due to budget constraints. Comparisons with Norway's similar mandate suggest limited broader impact on gender equality. Judicial Watch is challenging SB 826, claiming it violates the California Constitution's prohibition on gender-based quotas. Despite potential legal issues, companies must comply with the law, which will require more female executives by the end of 2020.

What new insight or understanding did you gain from this video?