Fenwick & West's annual survey benchmarks and compares numerous corporate governance practices and trends among Silicon Valley 150 Index (SV 150) and S&P 100 companies based on 2020 proxy statements filed as of June 30. Notably, the report delves into California's 2018 and 2020 board diversity laws, noting that most SV 150 companies will need to add more women directors to their boards by 2021 to be compliant with the board gender diversity requirements. Based on the firm's review of the data, these tables show the percentage of SV 150 companies by subgroup that meet the calendar 2019 "one woman" requirement and those that are anticipated to meet the more stringent "two or more women" requirements (based on board size) in 2021:
We reported on California's 2020 board diversity (race, ethnicity, and LGBT) law here.
This post first appeared in the weekly Society Alert!