Re:Governor signs bill requiring California corporate boards...
by godelski on Wednesday October 03, 2018 @04:16PM
(#18134425)
The really interesting part is that the amount of money seems to be one that would be extremely harmful to small companies but basically chump change to large corporations.
Re:Governor signs bill requiring California corporate boards...
by RangerScience on Wednesday October 03, 2018 @04:16PM
(#18134424)
I don't have any experience here, but, fines are revenue for the state and tax breaks are costs.
I'm curious why they went the punitive route rather than providing some kind of incentive structure. In some ways it works out to the same thing, but tax breaks for businesses committed to the cause seem way easier to enact and defend than authoritarian quotas.
Anyone with public policy or legal experience who can chime in here?