In 2018, California passed the first-ever law to require companies headquartered in the state to add women to their boards. Still, as of June 2019, 36 of the 444 California companies on the Russell 3000 Index had no women directors. Today, 31 of those companies have now complied with the law, adding 34 women to their boards. But these five California companies still do not have a woman director on board: A10 Networks, Inc., Cryoport, Inc., Dasan Zhone Solutions, Inc.; Enphase Energy, Inc. and Sigma Designs, Inc. These companies defy best governance practices and disregard the law at great cost to shareholders. We wonder why?
Please send the attached email to these four companies urging them to add women to their boards. It’s not just the right thing to do, it’s the business-smart thing to do.