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Bill > S1223


MA S1223

Ensuring fair worker representation on corporate boards of directors


summary

Introduced
03/29/2021
In Committee
02/24/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to ensure fair worker representation on corporate boards of directors. Labor and Workforce Development.

AI Summary

This bill seeks to ensure fair worker representation on corporate boards of directors. It would require that not less than two-fifths of the directors of corporations with more than $100 million in gross receipts in a given taxable year be elected by the employees of the corporation using an election process. The directors elected by employees would have the same rights, powers, duties, and responsibilities as directors elected by the stockholders.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Rules (on 02/24/2022)

bill text


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