Business Maverick: California push to seat more women on boards ruled unlawful

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

The first-in-the-nation mandate, signed into law in 2018, has been struck down by a Los Angeles state court judge after a trial, ruling the landmark requirement that corporate boards include women unconstitutional.

Superior Court Judge Maureen Duffy-Lewis said she wasn’t persuaded by California’s argument that more women on corporate boards would boost the economy or that the state could legally rectify historical discrimination with the legislation.

“We’re disappointed and appalled at this setback for women to be advancing in business,” said Betsy Berkhemer-Credair, CEO of 50/50 Women on Boards, and one of the proponents of the law when she was president of the California chapter of the National Association of Women Business Owners. The group expects the state to appeal, but has no assurances yet that it will, she said.

Still, the law’s invalidation shows that efforts in the U.S. to use legislation to catch up with Europe’s diversification of boards are fraught with legal peril. The decision comes on the heels of an April state courtby a different Los Angeles judge that a 2020 mandate to include minorities on corporate boards violates the California Constitution.

“Thankfully, California courts have upheld the core American value of equal protection under the law,” Judicial Watch President Tom Fitton said in a statement. “Judicial Watch’s taxpayer clients are heroes for standing up for civil rights against the Left’s pernicious efforts to undo anti-discrimination protections.”Enacted amid the #MeToo movement, the law calls for penalties for violations that range from $100,000 to $300,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Fliers splurge on most expensive seats as travel restartsMore people are flying in more expensive cabins for leisure trips despite airfares rising on surging oil prices and demand, and that’s helped offset a slower recovery in business travel, according to the International Air Transport Association (IATA).
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: New Zealand records its weakest population growth in 30 yearsThe population advanced by just 19,200, or 0.4%, to 5,127,000 at March 31, Statistics New Zealand said on Monday in Wellington. That’s less than the 25,100 gain in the year through March 2021 and is the lowest since the government agency began providing estimates in 1992. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07 I wish everyone can be like you, Helen, I haven't lost since you have been managing my trading account, I love you so much JonathanHele
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Biden team eases Cuba stance on flights, remittances and visasThe Biden administration on Monday announced a sweeping reversal of Donald Trump’s hard-line approach to Cuba, expanding flights to the island, ramping up visa processing and allowing more support for local businesses and remittances inflows. Oh good then they don’t need our R50mil and we can use it to feed our own impoverished nation!👏🏻👏🏻
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Wheat soars in risk to food inflation as India restricts exportsWheat jumped by the exchange limit after India’s move to restrict exports, exposing just how tight global supplies are after the war in Ukraine and threatening to drive up food prices even more. Now, India has announced it will suspend overseas sales to manage its food security. There is a crisis at Motheo TVET in Bloemfontein, why are you not covering that? I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Cost of Failed Terra Stablecoin Rescue Reaches $2.9 BillionA backer of the collapsed TerraUSD stablecoin has burned through almost all of its more than $3 billion in cryptocurrency reserves in a failed effort to restore its peg to the dollar.
Source: dailymaverick - 🏆 3. / 84 Read more »