Activision Blizzard claims that its violation of a California law that requires the company to have at least three women on its board of directors by the end of 2021 is due to complications with its upcoming acquisition by Microsoft, despite having three years to comply with the law.
First noticed by Axios, Activision Blizzard’s annual report for 2021 includes an acknowledgment that it failed to comply with a California law that requires companies headquartered in the state with at least six members on their board of directors to include at least three women on their boards by the end of 2021. The company currently has two women on a board of ten.
Activision Blizzard attributes its failure to appoint a third woman to its board to its upcoming planned acquisition by Microsoft, which doesn’t close until 2023.