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A new California law, a publicly traded company in the state, including women on their boards of directors prior to its first legal challenge.
Conservative non-profit Judicial Watch filed a lawsuit against California on behalf of three of the taxpayer Friday, claims the law is “unconstitutional gender-specific rate.”
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Former Gov. Jerry Brown signed the proposal into law in the year 2018. At the time, he could be killed in the courts, but said, “It is high time that institutions close to the people, more than half of the ‘people’ in America,” according to The Sacramento Bee.
The law says that all of the stock exchange at least one woman on their board of directors until the end of the year, and at least two women, reported to listed companies based in California need up to the year 2021 for a Board of Directors consisting of five Directors and at least three on the boards with six or more, The bee.
But Judicial Watch argues that the law falls short.
“The company requires in order to gender the primary qualification for membership in the Council, with the inevitable result that less-qualified private sector boards,” the group said in a statement.
“The company requires in order to gender the primary qualification for membership in the Council, with the inevitable result that less-qualified private sector boards.”
— Judicial Watch
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But California state officials defended the law.
“We support the ultimate goal of the SB 826 to create a fair economy and inclusive California,” a spokeswoman for the California Secretary of State Alex Padilla said on Friday, according to The Mercury News of San Jose. “We will review the lawsuit and respond in court.”
State Sen. Hannah-Beth Jackson, who co-wrote the bill, said many companies have already complied with voluntarily.
“It is disappointing that this conservative right-wing group is more invested in thousands of dollars for a questionable action as support of a policy worthy of improved corporate profits and strengthens our economy,” she said, according to the Mercury News.
The law will have an impact on 537 companies, according to Judicial Watch.