Data from Equilar shows the boards of most public companies on U.S. stock exchanges are 20 percent female, according to The Wall Street Journal.
This is up from 19 percent last quarter, a notable uptick given that this measure sat at about 15 percent when Equilar started tracking female directorships in 2016, according to the report. It also comes after California passed a law last year mandating at least one woman on the board of publicly traded companies by the end of the year, and at least three women by 2021. WSJ reports that this has had an effect beyond the Golden State as companies prepare for similar changes in other states.
However, some holdout companies are resisting the government involvement and said they are prepared to pay the fines associated with having an all-male board, according to the report.
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