Gavin Newsom wants to monitor who’s in your boardroom.
Scratch that — not who, but what race, sexual interest, and gender identity relative to one’s sex.
Hence, on Wednesday, the California governor signed into law a boardroom diversity quota bill.
Existing law, no later than the close of the 2019 calendar year, requires a publicly held domestic or foreign corporation whose principal executive office is located in California to have a minimum of one female director on its board. Existing law, no later than the close of the 2021 calendar year, additionally requires such a corporation with 5 directors to have a minimum of 2 female directors and such a corporation with 6 or more directors to have a minimum of 3 female directors. Existing law authorizes the Secretary of State to impose fines for violations of these provisions, as specified, and requires the moneys from these fines to be available, upon appropriation, to offset the cost of administering these requirements.
This bill would require, no later than the close of the 2021 calendar year, such a corporation to have a minimum of one director from an underrepresented community, as defined. The bill would require, no later than the close of the 2022 calendar year, such a corporation with more than 4 but fewer than 9 directors to have a minimum of 2 directors from underrepresented communities, and such a corporation with 9 or more directors to have a minimum of 3 directors from underrepresented communities.
This bill would require, on or before specified dates, the Secretary of State to include in those reports certain information, including, among other things, the number of corporations in compliance with the bill’s provisions. The bill would authorize the Secretary of State to impose fines for violations of the bill’s provisions, as specified, and would require the moneys from these fines to be available, upon appropriation, to offset the cost of administering these requirements.
Per The Washington Free Beacon, the bill defines a “director from an underrepresented community” thusly:
[Someone who] self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native, or who self-identifies as gay, lesbian, bisexual, or transgender.”
So if you’re hoping for a seat at the table, well, in part, you’re only as good as the box you check.
Pardon the phrase.
Leave it to the Golden State to start the revolution: It’s the first in all the U.S. to force such a thing.
And as the culture further emphasizes immutable traits which — as employment goes — have less to do with you than you do, I’d say California’s got an actress-slim chance of being the last.
In fact, major companies have recently moved to change the racial makeup of their leadership: Zillow and Nextdoor have vowed to add a black board director. And in August, Google, Amazon, and more united in a promise to hire 100,000 minority or low-income in the Big Apple over the next decade.
Will such pledges go from voluntary to required? Time will tell.
Back to gun manufacturers’ least favorite state, Gavin’s on a racial justice roll. As covered by RedState’s Jennifer Van Laar, “on the 197th day of ’15 days to slow the spread,’” he “moved the reopening goalposts yet again.”
Essentially, where COVID is concerned, some areas that are thriving can’t reopen if other areas are doing poorly.
And as for my above remark on gun makers, if any of you firearm fans would like a laugh, check out California’s gun roster. The state keeps a shrinking list of handguns legal for purchase brand new. Search it for your preferred pistols, and marvel at their absence.
Your favored SIG P365? Forget it.
If only SIG stood for “Self-Identifying Glock” — that is, so long as it referred to old ones. As for the most popular handgun in the world — the Glock 19 — only Gen 3 is legal in LaLa Land. Gens 4 and 5? They’re an underrepresented community.
Full steam ahead, California.