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Browse: Home / 2022 / January / 28 / Board Diversity Laws ‘Aren’t Optional,’ California AG Rob Bonta Warns – Bloomberg

Board Diversity Laws ‘Aren’t Optional,’ California AG Rob Bonta Warns – Bloomberg

By Securities Docket on January 28, 2022, 9:10 am

The California Secretary of State posts reports on the status of compliance with the law. The state may impose fines, ranging from $100,000 to $300,000 per violation. So far, there have been few signs of enforcement.

For those that don’t adhere to the law, “there are other steps that we can take.” The laws “aren’t optional,” Bonta said, “they’re required. So if there’s a failure to comply, then we certainly could take enforcement action.”

Pressed on whether enforcement could take place this year, Bonta said: “We don’t have plans at this moment, but we could.”

Source: Board Diversity Laws ‘Aren’t Optional,’ California AG Rob Bonta Warns – Bloomberg

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Posted in Industry, Regulation, Top | Tagged California, Diversity

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