California is proposing a bill to clear off the legal imbalance between the investors and entrepreneurs, that could result in sexual harassment.
The effort is to include “investor” into the list of specific relationships that are prone to sexual harassment in the civil rights act. Currently the list includes employers, teachers, lawyers, social workers, real estate agents, dentists, and other professional roles.
There have been an increase in the number of harassment cases against the investors. There have been allegations that when entrepreneurs seek for funding, the male dominated investors pressurized them for sex. Gender inequality, poor treatment of women etc are the other accusations.
Venture Capitalist firms are strong in California and they raised $27.6 billion last year. Laws in California will be considered to be pursued by other states.
by RTT Staff Writer
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