Department of Corporations Commissioner

A Reminder for CA Corporate Boards of Directors of Requirement for Female and LGBTQ Directors

November 29, 2021 2:21 amDecember 1, 2021 3:05 am

Publicly-traded corporations with their principal executive offices in California are reminded of their legal obligations under two California statutes to have specified individuals on their boards of directors. SB 826, by Sen Hannah Beth Jackson (D-Santa Barbara), enacted in 2018,...

Underrepresented Communities Now Required on Corporate Boards Under AB 979

September 30, 2020 3:50 pmSeptember 30, 2020 5:53 pm

Assembly Bill 979, by Assemblyman Chris Holden (D-Pasadena) was enacted during the 2020 Legislative Session to ensure publicly-traded corporations have individuals on their boards of directors from underrepresented communities. AB 979 was signed into law by Governor Newsom on September...