Cristina Castro
- Democratic
- Senator
- District 22
Amends the Business Corporation Act of 1983. Requires a publicly held domestic or foreign corporation whose principal executive offices are located in Illinois to have: (i) no later than July 31, 2020, a minimum of one female director on its board; and (ii) no later than December 31, 2022, a minimum of 3 female directors if its number of directors is 6 or more, a minimum of 2 female directors if its number of directors is 5, or a minimum of one female director if its number of directors is 4 or fewer. Permits a corporation to increase the number of directors on its board to comply with the requirement. Requires the Secretary of State to publish reports on its Internet website that documents: (1) the number of domestic and foreign corporations whose principal executive offices are located in Illinois and who have at least one female director; and (2) the number of publicly held corporations that moved their United States headquarters to Illinois from another state or out of Illinois into another state during the preceding calendar year and other specified information. Permits the Secretary of State to adopt rules to administer the provisions and impose fines as specified. Provides that the provisions apply to a foreign corporation that is a publicly held corporation to the exclusion of the law of the jurisdiction in which the foreign corporation is incorporated. Effective immediately.
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Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As March 28, 2019
Postponed - Commerce and Economic Development
Senate Committee Amendment No. 1 Postponed - Commerce and Economic Development
Senate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development
Postponed - Commerce and Economic Development
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro
Added as Co-Sponsor Sen. Julie A. Morrison
Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Filed with Secretary by Sen. Cristina Castro
Assigned to Commerce and Economic Development
Referred to Assignments
First Reading
Bill Text Versions | Format |
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Introduced | HTML |
Document | Format |
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Senate Amendment 001 |
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