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Does this only apply to companies incorporated in the state? Most companies operating in CA (at least I assume the ones they’re trying to target) are incorporat
by traviswingo 8y ago
Does this only apply to companies incorporated in the state? Most companies operating in CA (at least I assume the ones they’re trying to target) are incorporated in Delaware. Seems like this won’t make a difference if that’s the loophole.
On another note, what the flying fuck is this supposed to achieve? All this will create is scenarios where people are only there because they legally have to be, not because they’re the best person for the job.
I’m 100% for equal rights. I don’t judge a person by anything but their ability to perform the job as best as possible. This isn’t equal rights. This is a legally binding pitty-hire. Hopefully people leverage it positively, though, and start considering more women for board positions. On that note, women need to also push for these positions, too. It’s not exactly a cookie cutter issue.
- r_smart 8y agoComing up: A lot of board members' wives get board positions.
- classichasclass 8y ago"... would require a domestic general corporation or foreign corporation that is a publicly held corporation, as defined, whose principal executive offices, according to the corporation’s SEC 10-K form, are located in California" Thus, out of state businesses like Delaware corps are likely exempt. For the full text of SB 826, https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180SB826 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...
- gamblor956 8y agoIt doesn't matter where they are incorporated if they have their executive offices in the state of California. Few businesses incorporate in Delaware have offices in Delaware because it's generally not a state executives want to live in.
- deleted 8y ago[deleted]
- pathartl 8y ago100% agree. Equal rights/opportunity != equal distribution
- bcheung 8y agoIt's really shocking how it passed both senate and house. How do people not see this as blatantly sexist? This law discriminates against men based solely on their gender. Of course, there's always "I identify as a female board member".
- zepto 8y agoHow would you legislate for companies to hire ‘the best person for the job’?