Fenwick corporate governance practice co-chair David Bell spoke with CNN about the growing movement to increase diversity on corporate boards.
Bell discussed pending California legislation that would require public companies headquartered in the state to appoint board members from certain underrepresented communities.
He told CNN that the new law could establish a new minimum threshold for corporate diversity, much like the state's law requiring a minimum number of women directors, which was enacted in 2018.
"The standard in California has become investors' de-facto expectation," Bell said.
For more information, please read the alert that Bell co-authored on Assembly Bill 979.
The full article is available at CNN.