A California law requiring female directors is causing ripple effects at companies across the country
One-fifth of seats on a broad swath of public company boards are now held by women, a sign of change as U.S. corporations face increased pressure to diversify.
The share of female board members in the Russell 3000 index, which includes most public companies on major U.S. stock exchanges, increased to 20% in the second quarter of this year from 19% the previous quarter, according to Equilar Inc., a governance-data firm. When Equilar began tracking the measure in late 2016, 15% of board seats were filled by women.
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