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🗓️ 14 September 2018
⏱️ 11 minutes
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| 0:00.0 | A new bill has been passed in the Senate and the Assembly in California, |
| 0:03.7 | and currently only needs to be signed by Governor Jerry Brown to become law. |
| 0:08.3 | This law would require companies to have a minimum amount of women on their board. |
| 0:12.4 | The logic being, companies with women on their board tend to do better in a lot of different ways, |
| 0:17.8 | and by having women on the board you will show women within the company that there is an opportunity |
| 0:22.2 | for growth, essentially, that the glass ceiling has been broken. But there is criticism. |
| 0:27.2 | Some investors, even women, are saying this will turn women into quota hires. |
| 0:31.6 | It will make people doubt their actual ability. Others say that by policing for outcome, |
| 0:36.2 | you'll require companies to lower their standard and find people who are less qualified to |
| 0:40.7 | simply fulfill their obligation onto the law. But there are people who believe this is the right move, |
| 0:45.6 | because the only reason they think that women aren't on the board is because these companies |
| 0:49.6 | have a boys club that men are essentially keeping women out because it's sexist. But there is |
| 0:55.0 | evidence to suggest that isn't the case. There are some studies on the greater male variability |
| 0:59.2 | hypothesis, which suggests that there are just more male geniuses, and we can look at that. |
| 1:03.4 | But some people say, look, it's already illegal to discriminate against women. So, |
| 1:08.0 | natural leaders companies aren't keeping women out on purpose. They're just finding the best |
| 1:11.6 | candidates who happen to be men. But let's take a look at the story and break down what people |
| 1:16.0 | are actually saying, why they think this law is a good idea, and why people think this law is a |
| 1:20.4 | bad idea. From Ricod, a new California law, if passed, could force companies like Facebook, |
| 1:25.2 | Tesla, and Alphabet to add more women to their boards. It's up to Governor Jerry Brown. |
| 1:29.6 | Bill SB 826, which passed California's State Congress a few weeks ago, and is now on Jerry |
| 1:34.7 | Brown's desk, would require all public companies, with principal executive offices in the state, |
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