California Enacts Novel Female Board Quota Legislation
Keith Paul Bishop
Keith Paul Bishop is a partner at Allen, Matkins, Leck, Gamble, Mallory & Natsis LLP in Irvine, California. He is Co-Chair of the Corporations Committee of the Business Law Section of the California Lawyers Association.
Until this year, there was only one eligibility requirement for directors of a California cor-porationâthey had to be natural persons.1 Although California has long imposed a variety of governance requirements on foreign corporations, it imposed no eligibility requirements for directors of foreign corporations.2 That changed in 2018, with the enactment of Senate Bill 826 (Jackson),3 reportedly the first state statute to impose a gender quota on corporate boards of certain California and foreign corporations.4
Background of Senate Bill 826