senate Bill S4278

2019-2020 Legislative Session

Enacts the "women on corporate boards study"

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 06, 2019 referred to corporations, authorities and commissions

S4278 (ACTIVE) - Details

See Assembly Version of this Bill:
A6330
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Business Corporation Law
Laws Affected:
Amd §408, BC L

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

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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