Jeff Stratton, Board and Administrator editor, retires

• Published date: 01 October 2020
• DOI: http://doi.org/10.1002/ban.31165
• Date: 01 October 2020

October 2020 • Volume 37, Number 2 3

DOI 10.1002/ban© 2020 Wiley Periodicals LLC • All rights reserved

Jeff Stratton, Board and Administrator editor, retires

Jeff Stratton, the longtime editor of

Board and Administrator, is retiring. He

has served the publication for nearly

30 years. His thoughtful leadership and

expertise in the area of board manage-

ment have been integral to the success

of the newsletter, and lling his shoes

has been a nearly impossible task.

Jeff has been married to his wife,

Kayla, for more than 30 years. They have

a 24-year-old daughter, Greer, and a

giant yellow Labrador named Bilbo. Jeff

plans to spend his retirement reading

mysteries, watching golf on television

and cooking.

We at Wiley wish him the absolute

best in his retirement, and thank him for

all of his years of service. ■

California introduces bill

to increase board diversity

BY AMY DODDS

In the wake of the worldwide

protests following the death of

George Floyd, many companies

publicly supported racial diversity

and better representation. How-

ever, supporting a cause does not

always lead to long-term systemic

change. That is why on June 29,

2020, the California State Legisla-

ture introduced proposed legisla-

tion that would compel publicly

owned companies headquartered

in the state to increase diversity

on their boards or face fines.

Introduced by Assemblymem-

bers Chris Holden and Cristina

Garcia, with Eloise Gomez Reyes

as principal co-author, Assem-

bly Bill 979 would require public

companies to have at least one

director from an underrepre-

sented community by the end of

2021. By 2022, corporate boards

with more than four members

must include two members from

underrepresented communities,

while corporations with more

than nine members must have a

minimum of three minority direc-

tors. AB 979 defines underrep-

resented communities as African

American, Hispanic, or American

Indian.

“Corporations have money,

power and influence,” said As-

semblymember Holden. “If we are

going to address racial injustice

and inequity in our society, it’s

imperative that corporate boards

reflect the diversity of our state.”

The legislation is similar to

Senate Bill 826, which requires

gender diversity on boards and

was adopted in 2018. If the bill

is signed into law, publicly held

companies that are noncompli-

ant could face fines between

$100,000 and $300,000.

“By ensuring diversity on their

boards, we know the corporations

are more likely to both create op-

portunities for people of color and

give them the support to thrive

within that corporation,” said As-

semblymember Garcia. But the

benefits aren’t just for the indi-

vidual, the lawmakers argue—

corporations themselves will also

benefit. Said Holden: “Corpora-

tions with ethnically diverse

boards have shown to outperform

those that lack diversity.” ■

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