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Fenwick & West LLP

Securities Law Update - August 2024

Fenwick & West LLP on

Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains news on...more

Sheppard Mullin Richter & Hampton LLP

Los Angeles Superior Court Invalidates California Board Diversity Statute, Rendering It Ripe for Review by the California Court of...

In Crest v. Padilla, No. 20STCV37513 (Cal. Super. Apr. 1, 2022), the Superior Court of California for the County of Los Angeles (Green, J.) declared that Section 301.4 of the California Corporations Code is unconstitutional...more

Jackson Lewis P.C.

California Superior Court Finds AB 979 is Unconstitutional

Jackson Lewis P.C. on

On September 30, 2020, Governor Newsom signed Assembly Bill (AB) 979, which required publicly held corporations headquartered in California to diversify their boards of directors with directors from “underrepresented...more

Allen Matkins

Does Hilaria Baldwin Qualify As A Member Of An "Underrepresented Community"?

Allen Matkins on

Last year, California Governor Gavin Newsom signed AB 979 (2020 Cal. Stats. ch. 316) into law.  No later than the end of this year, "publicly held corporations" with their principal executive offices in California are...more

Ervin Cohen & Jessup LLP

California Continues Effort to Hold Employers Accountable for Diversity In the Workplace through AB 979 and SB 973

Ervin Cohen & Jessup LLP on

Building upon California’s prior efforts to increase diversity in the workplace, Governor Newsom has signed into law Assembly Bill 979 and Senate Bill 973. AB 979 requires greater diversity on corporate boards of directors...more

Jones Day

California Mandates Representation of Underrepresented Communities on Boards of Public Corporations

Jones Day on

The Situation: California's governor recently signed into effect a new law requiring public corporations whose principal executive offices are located in California to have a certain minimum number of individuals from...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

New California Law Requires Diversity on Corporate Boards of Directors

On September 30, 2020, Governor Gavin Newsom signed into law Senate Bill (SB) 979, a measure that will require publicly held corporations in California to achieve diversity on their boards of directors by January 2023. ...more

Gray Reed

California’s Push For Diverse Corporate Boards

Gray Reed on

California Assembly Bill 929 (the “Diversity Bill”), which was passed by the California State Legislature on August 30, 2020, and signed into law by California Governor Gavin Newsom on September 30, 2020, requires domestic...more

McDermott Will & Emery

California AB 979 Mandates Board Composition for Public Companies

McDermott Will & Emery on

California AB 979 took effect Wednesday, September 30, and requires public companies domiciled or headquartered in California to have at least one director from an underrepresented community by the end of 2021. Such companies...more

Morgan Lewis

California Expands Diversity Requirements for Public Company Boards

Morgan Lewis on

California Governor Gavin Newsom on September 30 signed into law Assembly Bill No. 979, which requires publicly held companies headquartered in California to have a minimum number of directors from “underrepresented...more

Cooley LLP

Blog: California mandates board diversity for “underrepresented communities”

Cooley LLP on

Social unrest currently roiling the U.S. body politic has brought systemic racial inequity and injustice into sharp focus. Why, after decades of public statements and corporate commitments to enhancing racial diversity has so...more

Mintz - Employment Viewpoints

Statutory – not Shareholder – Activism: Governor Newsom Signs California’s Diversity Mandate into Law

California has enacted the nation’s first diversity mandate for public company boards. As we previously reported, the new law (AB 979) builds upon California’s first- in-the nation statutory gender mandate for public company...more

Littler

New California Law Mandates Corporate Board Diversity

Littler on

In the midst of national conversations surrounding racial equity and social justice, Governor Gavin Newsom signed AB 979 into law on September 30, 2020. AB 979 is a first-of-its-kind legislation requiring that no later than...more

Allen Matkins

California Adopts Strict Quotas For Public Company Boards

Allen Matkins on

Yesterday, Governor Gavin Newsom signed AB 979 into law.  The new law will apply to publicly held corporations having their principal executive offices in California to have specified numbers of directors from...more

Allen Matkins

Will AB 979 Expose Corporations To Section 1983 Liability?

Allen Matkins on

AB 979 would require publicly held corporations with their principal executive offices in California to have minimum number of directors from underrepresented communities.  If Governor Newsom signs the bill into law,...more

Allen Matkins

What Does The Governor's Proclamation Of Statewide Emergency Have To Do With the General Corporation Law?

Allen Matkins on

Late last month, Governor Gavin Newsom declared a statewide emergency due to the effects of unprecedented high-wind events which have resulted in fires and evacuations across California. The Governor's declaration has...more

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