Jackson To Hold Hearing Tomorrow On Women On Corporate Boards

August 28, 2017

SACRAMENTOState Senator Hannah-Beth Jackson (D-Santa Barbara), chair of the Senate Select Committee on Women, Work and Families, will hold a hearing tomorrow titled: “A Seat at the Table: Why More Women on Corporate Boards Protects Workers, Families, Retirees and Shareholders,” from 2:30 p.m. to 4:30 p.m. in California State Capitol Room 2040.

The hearing will examine progress made toward the goals outlined in Senate Concurrent Resolution 62 (SCR 62), a measure authored by Jackson and passed by the Legislature in 2103. The resolution, while non-binding, encouraged companies with corporate boards of nine or more to fill at least three of those seats with women between January 2014 and December 2016; boards with five to eight seats to have a minimum of two women on its board; and boards with fewer than five director seats to have at least one woman on its board. The resolution was believed to be the first of its kind in the nation.

“Since 2014, we have seen slight improvement in the number of women representation in corporate governance, but not enough. Women continue to be underrepresented at every level of corporate leadership compared to men. Women are less likely than men to be corporate managers, vice presidents, senior vice presidents, CEOs or board members,” said Jackson. “Although SCR 62 intended to encourage companies to add women to their boards, it appears they are falling short in doing so and I look forward to tomorrow’s discussion to explore ways in which to meet this goal.” 

Tomorrow’s hearing will convene state leaders such as California Insurance Commissioner Dave Jones; NAWBO-California leaders; corporate leaders; board experts Rachel Michelin, Annalisa Barrett and Betsy Berkhemer-Credaire; and corporate governance leaders Anne Sheehan with CalSTRS and Anne Simpson with CalPERS. Four panel discussions will discuss the current status and benefits of corporate board gender diversity; statewide diversity initiatives; and further efforts needed to increase board diversity.

The hearing will be open to public comments and livestreamed here.

The Select Committee on Women, Work and Families holds hearings throughout the year to explore policies and raise awareness of the economic and social issues impacting women and families in the workplace, including family leave, childcare, pay equity, women on corporate boards and in executive leadership in order to facilitate an ongoing policy focus on the needs of women and families. The purpose of the select committee is to identify policy issues specific to women, and to bring awareness to the myriad ways workplace and economic structures and practices impact women as employees, caregivers, primary breadwinners, and leaders, in order to develop policies and legislation to advance women’s opportunities in today’s society.

Jackson represents the 19th Senate District, which includes all of Santa Barbara County and western Ventura County.