Interesting to see more statutory requirements being released around this. UK did something similar in 2016, where the government-backed Hampton-Alexander Review set FTSE 350 businesses a target of having 33% of all board and senior leadership positions held by women by the end of 2020.
Great to see bigger businesses picking this up and on track to meet this target.
But the question is does this need to be forced, how can this become a natural progression rather than a board thinking, let's have female members on board so we are compliant, and also what about smaller businesses?
Everyone has an important role to play, but for women to mature into more senior roles what is more important is understanding of different roles they play and why still a majority choose to drop their professional journeys because of a lack of support.
new law, enacted Sunday, which requires publicly traded firms in the state to place at least one woman on their board of directors by the end of 2019 — or face a penalty. It also requires companies with five directors to add two women by the end of 2021, and companies with six or more directors to add at least three more women by the end of the same year.