SB 393

Abstract

MEI Project Approval Commission; board-level gender and diversity requirements. Requires the MEI Project Approval Commission to consider, prior to recommending approval of any major employment and investment (MEI) project, a board diversity disclosure statement submitted by the business seeking incentives. The Commission is required to consider (i) whether such statement specifies the number and percentage of diverse directors who identify as female or as representing a national, racial, ethnic, indigenous, or cultural minority in the country of the business's principal executive offices and (ii) whether the business commits to annually updating and submitting such statement. This bill is identical to HB 212.

MEI Project Approval Commission; board-levelgender and diversity requirements. Requires that the MEI ProjectApproval Commission considers, prior to recommending approval ofany major employment and investment (MEI) project, (i) whether abusiness has and commits to maintaining a balanced board of directorsbased upon gender and racial diversity, such that at least 30 percentof such board of directors consists of women and historically underrepresentedgroups, and (ii) whether a business seeking approval of a projectsubmits a board diversity disclosure and commits to updating suchdisclosure annually, specifying the number and percentage of diversedirectors on the board of such business who self-identify as femaleor represent a national, racial, ethnic, indigenous, or culturalminority in the country of the business's principal executive offices.