|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 06, 2019||referred to corporations, authorities and commissions|
senate Bill S4278
Current Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4278 (ACTIVE) - Details
S4278 (ACTIVE) - Summary
Enacts the "women on corporate boards study"; requires the department of state, in collaboration with the department of taxation and finance, to conduct a study on the number of women directors who serve on each board of directors of domestic corporations and foreign corporations authorized to do business in New York state.
S4278 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4278 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the business corporation law, in relation to enacting the "women on corporate boards study" PURPOSE OR GENERAL IDEA OF BILL: To determine the number of women who serve on board of directors of domestic and foreign corporations authorized to do business in New York State. SUMMARY OF PROVISIONS: This legislation shall be known as the The Women on Corporate Board Study Act. Amends the Business Corporation Law Section 408, Subdivision 1 to include the requirement in a corporation's filing statement (d) The number of directors constituting the board and how many directors of such board are women.
S4278 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 4278 A. 6330 2019-2020 Regular Sessions S E N A T E - A S S E M B L Y March 6, 2019 ___________ IN SENATE -- Introduced by Sen. KRUEGER -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions IN ASSEMBLY -- Introduced by M. of A. SEAWRIGHT -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the business corporation law, in relation to enacting the "women on corporate boards study" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "women on corporate boards study". § 2. Women directors on corporate boards report. The department of state, in collaboration with the department of taxation and finance, shall conduct a study on the number of women directors who serve on each board of directors of domestic corporations and foreign corporations authorized to do business in this state. The study shall include but not be limited to: the number of women directors and the total number of directors that constitute the board of each corporation; an analysis of the change in number of women directors from previous years; and the aggregate percentage of women directors on all such boards of directors. In conducting the study the department of state shall use information provided in the statement filed pursuant to subdivisions 1 and 8 of section 408 of the business corporation law and any other available information the department of state deems relevant. On or before Febru- ary 1, 2022, and on or before February first of every fourth year there- after, the department of state shall publish a report on the findings of such study and post such report on the department of state's website. A copy of the report shall be furnished to the governor, the temporary president of the senate and the speaker of the assembly. The terms "director", "domestic corporation", and "foreign corporation" used in EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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