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RI H5905

RI H5905
Associations, And Partnerships - General Provisions


summary

Introduced
02/24/2021
In Committee
02/24/2021
Crossed Over
Passed
Dead
06/30/2021

Introduced Session

2021 Regular Session

Bill Summary

A N A C T RELATING TO CORPORATIONS - ASSOCIATIONS, AND PARTNERSHIPS - GENERAL PROVISIONS *** This act would require publicly held corporations to be represented by women on their 1 boards of directors. Fines would be imposed for non-compliance. 2 This act would take effect upon passage. 3 ======== LC001442 ========

AI Summary

This bill requires publicly held corporations with principal executive offices located in Rhode Island to have at least one female director on their board by January 1, 2022, and to have a minimum number of female directors based on the total number of directors on the board by January 1, 2023. The Secretary of State is required to publish reports on compliance with these requirements. The bill also allows the Secretary of State to impose fines for non-compliance.

Committee Categories

Business and Industry

Sponsors (6)

Last Action

Committee recommended measure be held for further study (on 03/23/2021)

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