summary
Introduced
01/13/2020
01/13/2020
In Committee
02/25/2020
02/25/2020
Crossed Over
01/24/2020
01/24/2020
Passed
03/09/2020
03/09/2020
Dead
Signed/Enacted/Adopted
03/27/2020
03/27/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
AN ACT Relating to business corporations; amending RCW 23B.02.020, 23B.02.060, 23B.01.200, 23B.06.010, 23B.06.240, 3 23B.08.030, 23B.08.735, 23B.09.020, 23B.10.060, 23B.11.010, 4 23B.11.020, 23B.07.210, 23B.06.030, and 23B.07.040; adding a new section to chapter 23B.08 RCW; and creating a new section.
AI Summary
This bill:
- Requires public companies in Washington to have at least 25% of their board of directors be individuals who self-identify as women, or the company must provide a board diversity discussion and analysis to shareholders detailing their approach to board diversity.
- Allows the articles of incorporation to include provisions related to the purpose, management, and governance of the corporation, including provisions that limit or eliminate a director's duty to offer the corporation certain business opportunities.
- Makes various other technical amendments to the state's business corporation law, including allowing certain corporate actions and plan terms to be made dependent on facts objectively ascertainable outside the filed documents.
Committee Categories
Justice
Sponsors (17)
Jamie Pedersen (D)*,
Reuven Carlyle (D),
Annette Cleveland (D),
Jeannie Darneille (D),
Mona Das (D),
Manka Dhingra (D),
David Frockt (D),
Sam Hunt (D),
Karen Keiser (D),
Patty Kuderer (D),
Emily Randall (D),
Ann Rivers (R),
Christine Rolfes (D),
Rebecca Saldaña (D),
Derek Stanford (D),
Lisa Wellman (D),
Claire Wilson (D),
Last Action
Effective date 6/11/2020. (on 03/27/2020)
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