Washington State to Require Gender Diversity on Public Company Boards or Board Diversity Disclosure

Clint Foss

Effective as of June 11, 2020, the Washington State legislature has amended the Washington Business Corporation Act (“WBCA”) to require public companies to either have a gender-diverse board of directors by January 1, 2022 or comply with new board diversity disclosure requirements.  A public company will be deemed to have a gender-diverse board of directors if, for at least 270 days of the fiscal year...