May 21, 2022
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How the region’s publicly traded companies stack up when it comes to women on the board

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Former State Sen. Hannah-Beth Jackson, D-Santa Barbara, wrote a bill in 2018 that requires publicly traded companies in California to have women on their boards. (courtesy photo)

California law now requires publicly traded companies based in the state to have at least one woman on their boards of directors. By the start of 2022, they must have two or more women, depending on the size of the company’s board.

The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region who are covered by the law, which applies to companies traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the requirements that will take effect next year.

Women hold 26.4% of the total board seats at the region’s publicly traded companies. That’s up from 17% in 2018, before the law took effect, and 20.5% at the start of 2020.

The results of our research are in the table below. The full story is available to Business Times subscribers here.