Tag Archives: California Chamber of Commerce

Vaginas required: Gov. Moonbeam signs bill requiring public companies to have at least one female director on their board

Wait, real vaginas are not actually required. One only needs to self-identify her gender as a woman, without regard their designated sex at birth.

From Sacramento Bee: With Gov. Jerry Brown’s signature on Sunday, California public companies will soon expand female representation on their boards.

Senate Bill 826, introduced by Democrats Hannah Beth-Jackson and Toni Atkins, requires public companies to have at least one female director on their board by the end of next year. By the end of 2021, companies with five directors must have two women on their boards, and companies with six or more board members must have at least three women.

In a signing statement, Brown acknowledged concerns that “may prove fatal” to the bill’s implementation, but said “it’s high time corporate boards include the people who constitute more than half the ‘persons’ in America.”

The proposal received opposition from the California Chamber of Commerce, which argued the bill would violate the independent voting rights of corporate boards and force companies to discriminate against qualified men. Despite the concerns, the bill was a top priority this year for the California Legislative Women’s Caucus. The bill cleared the Legislature on the final week of session.

“SB 826 is a giant step forward for women, our businesses and our economy,” Jackson said in a statement.

From the bill text:

“This bill, no later than the close of the 2019 calendar year, 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 to have a minimum of one female, as defined, on its board of directors, as specified. No later than the close of the 2021 calendar year, the bill would increase that required minimum number to 2 female directors if the corporation has 5 directors or to 3 female directors if the corporation has 6 or more directors. The bill would require, on or before specified dates, the Secretary of State to publish various reports on its Internet Web site documenting, among other things, the number of corporations in compliance with these provisions. The bill would also authorize the Secretary of State to impose fines for violations of the bill, as specified, and would provide that moneys from these fines are to be available, upon appropriation, to offset the cost of administering the bill.”

According to VC Star, companies can be fined $100,000 for a first violation and $300,000 for subsequent violations. The law also requires companies to report their board composition to the California secretary of state and imposes a $100,000 fine if a company fails to do so.

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Bill banning ‘gender tax’ clears California Senate

I’d like to know how the state is going to monitor every product price at every store. Let me guess, more bureaucratic government agencies.
liberal
From Sacramento Bee: Pink scooters that cost double their red counterparts. “Boyfriend”-style clothing far more expensive than the men’s fashion it mimics.
These are the scenarios that California legislators aim to outlaw with Senate Bill 899, a prohibition on “gender price discrimination” that often sees women charged more for similar goods. The equal-price-for-equal-products measure by Sen. Ben Hueso, D-San Diego, passed the state Senate on Thursday by a vote of 22-12.

Bill sponsor Ben Hueso - Democrat, of course

Bill sponsor Ben Hueso – Democrat, of course


“I don’t know any women who do not want to pay their fair share,” Sen. Connie Leyva, D-Chino, said. “But we do not want to pay our share and someone else’s share.”
Opposed by retailers and the California Chamber of Commerce, SB 899 struggled for enough support on the Senate floor. Four Democrats – Steve Glazer of Orinda, Cathleen Galgiani of Manteca, Ben Allen of Santa Monica and Bob Wieckowski of Fremont – voted no or abstained. Republicans were uniformly against the proposal.
Sen. John Moorlach, R-Costa Mesa, said he spoke with his wife and she confirmed that there are issues, but he felt the market could correct itself.
“I don’t think we need to have a pricing police going into retail shops,” he said. “If there’s a retailer that is really abusing this pricing, this gender pricing, the gals can just get on Facebook and just knock the retailer right off the shelf.”
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