WebSep 30, 2024 · Many California firms will have to increase the diversity of their boards of directors under a new law signed by Gov. Gavin Newsom. ... yet AB 979 requires exactly that,” said Anastasia Boden, a ... WebSep 30, 2024 · AB 979 defines “director from an underrepresented community” as “an individual who self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native, or who self-identifies as gay, lesbian, bisexual, or transgender.”
Sullivan & Cromwell Discusses Court Decision Invalidating California ...
WebDec 14, 2024 · AB 979, passed by the California Legislature on August 31, 2024, seeks to expand the requirements set forth in SB 826 to require that all publicly traded corporations listed on a major U.S. stock exchange whose principal executive offices are located in California (per the corporation’s SEC 10-K filing) have a minimum of one director from … WebSep 30, 2024 · AB 979 by Assemblymember Chris Holden (D-Pasadena) – Corporations: boards of directors: underrepresented communities. AB 2542 by … joolz fitted sheet
California AB 979 Challenged in Crest v. Padilla - The National Law Review
WebNov 24, 2024 · The board mandate, also known as Assembly Bill 979, was signed into law last year. According to the law, authored by Assemblyman Chris Holden (D-Pasadena), California headquartered companies must have strict minimums on the number of minority or LGBT board members. WebApr 4, 2024 · As you may recall, SB 826, the California board gender diversity statute, is not the only California board diversity statute facing legal challenges. In 2024, AB 979, California’s board diversity statute for “underrepresented communities,” patterned after the board gender diversity statute, was signed into law, and it too has been facing legal … WebOct 7, 2024 · California Governor Gavin Newsom on September 30 signed into law Assembly Bill No. 979, which requires publicly held companies headquartered in … how to install shrink wrap