summary
Introduced
01/22/2019
01/22/2019
In Committee
12/04/2019
12/04/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to ensure more women serve on corporate boards of directors. State Administration and Regulatory Oversight.
AI Summary
This bill aims to ensure more women serve on corporate boards of directors in the Commonwealth of Massachusetts. The key provisions are: 1) By the end of 2021, all publicly held corporations headquartered in the Commonwealth must have at least one female director on their board. 2) By the end of 2023, corporations with 6 or more directors must have at least 3 female directors, and corporations with 5 or fewer directors must have at least 2 female directors. 3) The Secretary of the Commonwealth is required to publish annual reports on corporate compliance with these gender diversity requirements. 4) The Secretary may impose fines of up to $100,000 for violations of these provisions.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (7)
Harriette Chandler (D),
Jo Comerford (D),
Julian Cyr (D),
Pat Jehlen (D),
Jason Lewis (D),
Becca Rausch (D),
Tommy Vitolo (D),
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 12/04/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1879 |
| Bill | https://malegislature.gov/Bills/191/S1879.pdf |
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