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A bill under consideration by the Senate Ways and Means Committee on Beacon Hill would require Massachusetts public companies to have at least one female board member by the end of next year. The proposal mandates boards have two women if they have five or fewer seats, or three if the board has six or more seats by the close of 2023.
A bill under consideration by the Senate Ways and Means Committee on Beacon Hill would require Massachusetts public companies to have at least one female board member by the end of next year. The proposal mandates boards have two women if they have five or fewer seats, or three if the board has six or more seats by the close of 2023.
Board members of companies should be the most qualified person for the job, regardless of gender, race, religion, sexual orientation etc. There should be no mandates. Hard working people that deserve to be there may lose out because a different gender, race, etc. has been mandated to be picked. That in itself is a form of discrimination.
Oftentimes, regulations and restrictions exacerbate and perpetuate the subject they are set to combat. Be careful. Restrictions are a double edged sword. Children learn best when they are allowed to experiment and experience by themselves and so do adults, if they are allowed to grow up.
Only a mandate will result in meaningful and sustained change.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Sometimes, one needs laws and rules to get people to do the right thing or the status quo continues. I think it should go beyond this, however. The state needs to make sure that women are in leadership roles in state hires (and quasi state hires), too, thereby leading by example and eating their own dog food. Look at the top 2-3 executives.