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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCalifornia governor signs executive order on cryptocurrencies
Newsom is directing the state’s business and economic development office to work in collaboration with California’s Business, Consumer Services and Housing Agency and the Department of Financial Protection and Innovation. The order is designed to “create a transparent and consistent business environment for companies operating in blockchain, including crypto assets and related financial technologies, that harmonizes […]
Board Diversity Laws ‘Aren’t Optional,’ California AG Rob Bonta Warns – Bloomberg
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 […]
California Companies Are Rushing to Find Female Board Members – The New York Times
In September 2018, California became the first state to legally compel corporate board diversity with a law mandating that every public company in the state have at least one female director by the end of 2019. The law set off a scramble to find hundreds of female directors, many of whom don’t fit the traditional […]
California first U.S. state to mandate women on boards
Signed on Sept. 30 by Governor Jerry Brown, it will require that, by the end of 2019, each publicly traded company based in California must include one woman on their board of directors; the quota increases by the end of 2021 based on company size. The big question that faces the legislation: Can it survive […]