New York Times: Why 2019 Was a Breakthrough Year for Women in the Boardroom

March 04, 2020

The change was brought by a convergence of factors, including a law passed in California in 2018 and mounting pressure from financial firms.

The law, which required every public company to have at least one female director, has had extremely high compliance rates. Three months after the 2019 deadline, just 4 percent of companies still have an all-male board, according to research by KPMG. That’s down from 29 percent of companies in the state that had all-male boards before the law was passed.