Smaller firms are more likely to have all-male boards than bigger ones. California’s mandate requiring more women is changing that.
When the state passed the mandate into law in September 2018, 91 California-based companies in the Russell 3000—the index that includes most companies trading on major U.S. stock exchanges—had all-male boards.
All but eight were in the bottom 2,000 in terms of market...South Africa Latest News, South Africa Headlines
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