Sorrento Therapeutics Inc (SRNE)

[1776club]

In California they passed a law requiring publicly held companies headquartered in California to have one member who identifies as a woman on their boards of directors by the end of 2019. By January 2022, boards with five directors were required to have two women and boards with six or more members were required to have three women....and then repealed it. Yes, Ms. C. did resign from the BOD.

1) The Women on Boards law, also known by its bill number, SB826, called for penalties ranging from $100,000 fines for failing to report board compositions to the California secretary of state’s office to $300,000 for multiple failures to have the required number of women board members.
2) May 16 (Reuters) - A state court judge found California's law requiring publicly held companies to include women on their boards unconstitutional, dealing another blow to the state's push to diversify corporate leadership.