Email notifications are now in beta! Learn more and sign up today!
Open States depends upon donations to keep our servers running. If you find Open States useful please consider becoming a patron or making a one-time donation today.

SB 1142

  • California Senate Bill
  • 2019-2020 Regular Session
  • Introduced in Senate Feb 19, 2020
  • Senate
  • Assembly
  • Governor

Corporations: board of directors.

Abstract

Existing law, no later than the close of the 2021 calendar year, requires a domestic general corporation or foreign corporation whose principal executive office is located in California that is a publicly held corporation, defined as a corporation with outstanding shares listed on a major United States stock exchange, to have a minimum of one female director or more depending on the number of directors that the corporation has. Existing law requires, on or before specified dates, the Secretary of State to publish various reports on its internet website documenting, among other things, the number of corporations in compliance with these provisions. Existing law authorizes the Secretary of State to impose fines for violations of these provisions, as specified, and requires the moneys from these fines to be available, upon appropriation, to offset the cost of administering these requirements. This bill, no later than the close of the 2021 calendar year, would require a publicly held corporation, whether foreign or domestic whose principal executive office is located in California to have a minimum of one female director or more in office depending on the number of authorized directors the corporation has. The bill would make other revisions with respect to the information required on the annual reports published by the Secretary of State.

Bill Sponsors (1)

Hannah-Beth Jackson

  • Democratic
  • upper
  • 19
Author

Votes


No votes to display

Actions


May 12, 2020

Senate

Referral to Com. on JUD. rescinded due to the shortened 2020 Legislative Calendar.

Apr 06, 2020

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.

  • Amendment-Passage
  • Committee-Passage
  • Reading-2
  • Referral-Committee
  • Reading-1
Com. on B. & F.I.

Mar 18, 2020

Senate

April 1 hearing postponed by committee.

Mar 03, 2020

Senate

Set for hearing April 1.

Feb 27, 2020

Senate

Referred to Coms. on B. & F.I. and JUD.

  • Referral-Committee
Coms. on B. & F.I. and JUD.

Feb 20, 2020

Senate

From printer. May be acted upon on or after March 21.

Feb 19, 2020

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB1142 HTML
02/19/20 - Introduced PDF
04/06/20 - Amended Senate PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.