As of January 1, 2021, all publicly held domestic or foreign corporations whose principal executive offices are located in California must meet the minimum requirements for female directors and directors from underrepresented communities on their boards as required respectively by Women on Boards (SB 826) and Underrepresented Communities on Boards (AB 979).
A publicly held corporation can report compliance through its annual Publicly Traded Corporate Disclosure Statement filed with the California Secretary of State. The Secretary of State's office is tasked to review and issue reports regarding publicly held corporations' compliance with SB 826 and AB 979. The Secretary of State's most recent report on Diversity on Boards, the March 2022 Report, was published on March 1, 2022.
Click on the links below to learn more about Women on Boards or Underrepresented Communities on Boards.