SB 76

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Bus Corp-Female Directors

Abstract

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.

Bill Sponsors (3)

Votes


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Actions


Mar 28, 2019

Senate

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 22, 2019

Senate

Rule 2-10 Committee Deadline Established As March 28, 2019

Mar 21, 2019

Senate

Postponed - Commerce and Economic Development

Senate

Senate Committee Amendment No. 1 Postponed - Commerce and Economic Development

Mar 14, 2019

Senate

Senate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development

Senate

Postponed - Commerce and Economic Development

Mar 13, 2019

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro

Mar 05, 2019

Senate

Added as Co-Sponsor Sen. Julie A. Morrison

Jan 28, 2019

Senate

Added as Chief Co-Sponsor Sen. Iris Y. Martinez

Jan 23, 2019

Senate

Filed with Secretary by Sen. Cristina Castro

Senate

Assigned to Commerce and Economic Development

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
Senate Amendment 001

Sources

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