>By the end of July 2021, a minimum of two women must sit on boards with five members, and there must be at least three women on boards with six or more members. Companies that fail to comply face fines of $100,000 for a first violation and $300,000 for a second or subsequent violation.

This is so utterly bizarre. I suspect that this law will be struck down in court fairly quickly, and the politicians who pushed it through were just doing it for the sake of virtue signalling.