We already have a dwindling supply of decent public companies. Regulations like this, and the CA bill mandating gender diversity hires for the Board of Director

We already have a dwindling supply of decent public companies. Regulations like this, and the CA bill mandating gender diversity hires for the Board of Directors, both would put additional downward pressure on the number and quality of public companies. Make it cheaper for companies to grant stock to their rank-and-file employees if you want employees to have more skin in the game. Leave the prescriptive governance out of it.