Tuesday, September 11, 2018
The right-thinking progressives who rule Sacramento aren’t satisfied with punishing business with high taxes and costly regulation. Now they want to dictate to shareholders the gender of whom they can elect as corporate directors.
This imposition on business management passed the state Senate last month 23-9 and the Assembly 41-26. The law requires a company to appoint one woman to its board of directors by the end of 2019. By the end of 2021 a five-member board would need to have two women, while boards with six or more directors would need three. The Legislature, always alert to possible micro-aggressions, defines female as “an individual who self-identifies her gender as a woman, without regard to the individual’s designated sex at birth.”