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Bill > HB1116

MD HB1116

MD HB1116
Gender Diversity in the Boardroom – Annual Report

summary

Introduced
02/08/2019
In Committee
04/02/2019
Crossed Over
03/18/2019
Passed
04/06/2019
Dead
Signed/Enacted/Adopted
05/13/2019

Introduced Session

2019 Regular Session

Bill Summary

Establishing the intent of the General Assembly to promote gender diversity in corporate management and boardrooms; requiring a certain entity submitting an annual report to the State Department of Assessments and Taxation to include information relating to the number of female members of the board and the total number of members of the board; providing the Act does not apply to a privately held company if at least 75% of the company's shareholders are family members; etc.

AI Summary

This bill establishes the intent of the Maryland General Assembly to promote gender diversity in corporate management and boardrooms. It requires certain entities, including tax-exempt, publicly-traded institutions or companies and domestic stock corporations with large operating budgets or total sales, to report the percentage and total number of female members on their board of directors when submitting an annual report to the State Department of Assessments and Taxation. The bill also requires the Comptroller to report annually to the General Assembly on the percentage of female representation on the boards of directors for all entities filing these reports, and to make the report publicly available. The bill has a sunset provision, expiring after 10 years in 2029.

Committee Categories

Budget and Finance

Sponsors (36)

Shelly Hettleman (D)*,  Vanessa Atterbeary (D),  Tony Bridges (D),  Ben Brooks (D),  Alice Cain (D),  Charlotte Crutchfield (D),  Bonnie Cullison (D),  Eric Ebersole (D),  Jessica Feldmark (D),  Wanika Fisher (D),  Jeff Ghrist (R),  Cheryl Glenn (D),  Michele Guyton (D),  Keith Haynes (D),  Terri Hill (D),  Marvin Holmes (D),  Kevin Hornberger (R),  Julian Ivey (D),  Adrienne Jones (D),  Anne Kaiser (D),  Ariana Kelly (D),  Brooke Lierman (D),  Eric Luedtke (D),  Maggie McIntosh (D),  Nick Mosby (D),  Julie Palakovich Carr (D),  Edith Patterson (D),  Pam Queen (D),  Sheree Sample-Hughes (D),  Emily Shetty (D),  Stephanie Smith (D),  Charles Sydnor (D),  Veronica Turner (D),  Jay Walker (D),  Alonzo Washington (D),  Jheanelle Wilkins (D), 

Last Action

Approved by the Governor - Chapter 513 (on 05/13/2019)

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