Calif. Bill to Mandate Women on Corporate Boards Passes Senate

California-based companies that lack women on their boards would need to add at least one woman under a bill passed in the state Senate.

S.B. 826 by state Sen. Hannah-Beth Jackson (D) passed May 31 on a 22-11 vote and now moves to the Assembly. It would apply to publicly traded companies with headquarters in the state and would make California the first state in the nation with such a requirement.

Skechers U.S.A. Inc. and TiVo Corp. are among the companies that would need to change their board makeup.

The bill would require companies to have at least one woman ...