California Senate Bill 826 has passed the California Legislature and is headed to the desk of Gov. Jerry Brown, who will have until the end of September to approve or veto it. If enacted, SB 826 will require all companies, whether or not incorporated in California, whose shares are listed on a major United States stock exchange and whose principal executive offices are located within the state of California to have at least one female director on their boards by Dec. 31, 2019. By Dec. 31, 2021, SB 826 will require corporations with five directors to have at least two female directors, and corporations with six or more directors will be required to have at least three female directors.

Originally published in the Los Angeles & San Francisco Daily Journal - September 11, 2018.