A bill was signed by Gavin Newson that will ensure any publicly traded company to appoint at least one “underrepresented community” member to its board. This will go into effect by December of 2021. Those in the underrepresented community are those who identify as either Asian, black, Hispanic, Latino, Native American, Pacific Islander, or LGBTQ.
According to Chris Holden, Bill co-author and member of the California Assembly, this new law:
“represents a big step forward for racial equity. While some corporations were already leading the way to combat implicit bias, now, all of California’s corporate boards will better reflect the diversity of our State.”
In related news, Indian Americans held a ‘Get out the Vote’ (GOTV) rally was organized by entrepreneur couple Ajay and Vinita Bhutoria in support of California’s Indian Americans. Its aim was to send out a message of the importance of this community voting for Democratic presidential nominee Joe Biden and Kamala Harris in the upcoming elections.
In attendance were local business owners, community leaders, doctors, elected officials, entrepreneurs and students.