Hannah-Beth Jackson
- Democratic
Author
The General Corporation Law provides for the formation of domestic general corporations by the execution and filing of articles of incorporation with the Secretary of State. Under that law, the business and affairs of these corporations are generally managed by, and all corporate powers exercised by or under, the direction of their boards of directors, and each director is elected by shareholder vote, with certain exceptions, as specified. That law also allows foreign corporations to transact intrastate business by obtaining certificates of qualification from the Secretary of State and requires foreign corporations that meet certain criteria to comply with specified provisions applicable to domestic general corporations to the exclusion of the law of the jurisdiction in which the foreign corporation is incorporated. This bill, no later than the close of the 2019 calendar year, would require a domestic general corporation or foreign corporation that is a publicly held corporation, as defined, whose principal executive offices, according to the corporation's SEC 10-K form, are located in California to have a minimum of one female, as defined, on its board of directors, as specified. No later than the close of the 2021 calendar year, the bill would increase that required minimum number to 2 female directors if the corporation has 5 directors or to 3 female directors if the corporation has 6 or more directors. The bill would require, on or before specified dates, the Secretary of State to publish various reports on its Internet Web site documenting, among other things, the number of corporations in compliance with these provisions. The bill would also authorize the Secretary of State to impose fines for violations of the bill, as specified, and would provide that moneys from these fines are to be available, upon appropriation, to offset the cost of administering the bill.
Chaptered by Secretary of State. Chapter 954, Statutes of 2018.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 23. Noes 9. Page 6024.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 41. Noes 26. Page 6774.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 12. Noes 0.) (August 16).
August 8 set for first hearing. Placed on APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (June 26). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on JUD. (Ayes 8. Noes 0.) (June 25). Re-referred to Com. on JUD.
Assembly Rule 56 suspended.
Read third time. Passed. (Ayes 22. Noes 11. Page 4450.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 5. Noes 2. Page 4297.) (May 25).
Read second time and amended. Ordered to second reading.
Set for hearing May 25.
May 7 hearing: Placed on APPR. suspense file.
Set for hearing May 7.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1. Page 4813.) (April 24). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 4813.) (April 24). Re-referred to Com. on APPR.
April 24 set for first hearing. Reconsideration of favorable vote granted.
Set for hearing April 24.
From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 1. Page 4744.) (April 18). Re-referred to Com. on JUD.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.
Set for hearing April 18.
April 4 set for first hearing canceled at the request of author.
Set for hearing April 4.
Withdrawn from committee.
Referred to Coms. on I., B. & F.I. and JUD.
From printer. May be acted upon on or after February 3.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB826 | HTML |
| 01/03/18 - Introduced | |
| 04/03/18 - Amended Senate | |
| 05/25/18 - Amended Senate | |
| 08/20/18 - Amended Assembly | |
| 09/05/18 - Enrolled | |
| 09/30/18 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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