PODCAST. From KPDO’s Coastside Conversation with Catherine Peery.
Per AB 826, by the end of 2021, all publicly traded companies in California are required to have 3 women on their Boards of Directors.
“In 2018, Women on Boards (Senate Bill 826) was signed into law to advance equitable gender representation on California corporate boards. California is now leading the way as the first state in the nation to require all publicly held domestic or foreign corporations whose principal executive offices are located in California to have at least one female director on their boards by December 31, 2019, either by filling an open seat or by adding a seat. One or two more female directors would be required, depending upon the size of the publicly held corporation by December 31, 2021.”
“Women on Boards is an important step in diversity and inclusion, as well as for the advancement of women. When Women on Boards passed in 2018, one-fourth of California’s publicly held corporations had no women directors on their boards. The Secretary of State’s office is tasked to review and issue reports regarding the corporations’ compliance with the bill’s provisions.
The size of most boards is 9-12. As of this moment only 27.7% of the companies affected by this law have complied.
How do you apply?
How do you get ready?
Is there a resource for that?
Go to 5050WOB.com (50-50 Women on Boards) and sign up for a virtual workshop that’s held every other week, 2 hours on Monday, 2 hours, Wednesday, 2 hours Friday.
Unlike nonprofit boards, you get paid to do this. You can also get the book, Winning the Board Game that describes the journey of 103 women who are now sitting on a Board.
I just did an interview with the person spearheading this, Betsy Berkhemer-Cordaire. Here’s a link to the interview.
People who have served on nonprofit boards are good candidates, and people of color are especially wanted and needed. Aside from the law, the incentive is the proven statistics that companies with women on their boards are more productive and profitable.”
~ Catherine Peery, KPDO’s Coastside Conversations
650-455-6744 (cell), 650-879-0150 (work)
CHIEF EXECUTIVE OFFICER of 50-50WOB
Betsy is the CEO of 50/50 Women on Boards, and the author of two books, The Board Game – How Smart Women Become Corporate Directors, and Winning the Board Game—How Women Directors Make The Difference. Before joining 2020WOB, Betsy led the efforts of the National Association of Women Business Owners-California (NAWBO-CA) to secure passage of SB826, the first law in the U.S. requiring public companies headquartered in California to add more women board members before year-end 2021. As CEO, she continues to support those efforts and track results.
She also serves as the co-chair of Los Angeles and is the face of 50/50 Women on Boards. Previously she was the founding chair of the Los Angeles/Orange County chapter of WomenCorporateDirectors (WCD), a global nonprofit network of current women directors, and is a member of International Women’s Forum.
Betsy is also the CEO and co-owner of Berkhemer Clayton Inc., a retained executive search firm, founded in 1994. She and her business partner Fred Clayton pioneered diversity searches for senior management and corporate boards of brand-name corporations, universities and large nonprofits.
Previously she built and sold one of the largest independent public relations firms in Southern California, and for 25 years she served on the board of Southern California Leadership Network (SCLN) for 25 years, and the advisory boards of Southern California Edison (SCE) and UCLA Medical Center.
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