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Partner Doreen Lilienfeld (New York-Compensation, Governance & ERISA), was quoted by Directors & Boards about the impact of California’s legislation on board composition. Doreen notes a “slow, but steady change” in boardrooms after the law mandating that every public company in the state have at least one female director came into effect. “If you do have a board and the board is well-functioning, you aren’t going to throw out the baby with the bathwater to re-engineer your board,” she says. “People are not just breaking eggs to make an omelet. Shareholders and the companies are being mindful when there are organic spots to fill.”
