MA S2080

Bill

To ensure more women serve on corporate boards of directors

Introduced
03/29/2021

In Committee
01/31/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd 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 Massachusetts. The key provisions include: 1. By the end of 2021, publicly held corporations with principal executive offices in Massachusetts must have at least 1 female director on their board. 2. By the end of 2023, publicly held corporations with 6 or more directors must have a minimum of 3 female directors, while those with 5 or fewer directors must have a minimum of 2 female directors. 3. The Secretary of the Commonwealth must publish annual reports on corporate compliance with these requirements. 4. The Secretary may impose fines of up to $100,000 for violations. 5. The Secretary can adopt regulations to implement the law, which applies to foreign corporations with publicly held stock to the exclusion of the law of their state of incorporation.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (3)

Jason Lewis (D)*, Harriette Chandler (D), Jamie Eldridge (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 01/31/2022)

Official Document

https://malegislature.gov/Bills/192/S2080

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S2080
Bill	https://malegislature.gov/Bills/192/S2080.pdf

Bill	Bill Name	Last Action	Type
H1087	Regarding cervical cancer and women's preventative health	Accompanied a study order, see H5222	Similar To
H3138	Relative to the fair participation of minority and women-owned businesses on public construction projects	No further action taken	Similar To
H533	Establishing the Abigail Adams entrepreneurial program for women	No further action taken	Similar To
S1635	To ensure compliance with the anti-shackling law for pregnant incarcerated women	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1636	Relative to health education in women's correctional institutions	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1907	Relative to excessive executive compensation	Accompanied a study order, see H5250	Similar To
S463	Relative to corporate accountability for political spending	Accompanied a study order, see H5026	Similar To
S631	Relative to increasing patient choice through assignment of benefits	Accompanied a study order, see S2693	Similar To
S632	Relative to medical loss ratio reporting for dental benefits corporations	Accompanied a study order, see S2693	Similar To
S634	Relative to women's health	Accompanied a study order, see S2693	Similar To
S82	Establishing a special commission to study women and homelessness	Recommitted to the committee on Rules of the two branches, acting concurrently	Similar To

Bill > S2080

MA S2080

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

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