Bill

Bill > S1514


NJ S1514

NJ S1514
Requires State Treasurer to collect and study certain demographic information on corporate boards and in senior management.


summary

Introduced
02/10/2022
In Committee
02/10/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill requires corporations and nonprofit corporations to include in their annual report, filed in the Department of the Treasury, demographic information statistics for the members of its corporate board and senior management, including race, ethnicity, sexual orientation, gender identity or expression, disability status, and veteran status. The bill requires the State Treasurer to publish quadrennial reports, starting on February 1st, 2024, documenting the number of publicly held domestic and foreign corporations whose principal executive office is located in this State, and the demographic information for the officers of the corporation and the directors or trustees on each corporation's board. The report shall include, but not be limited to, the race, ethnicity, sexual orientation, gender identity or expression, disability status, and veteran status of the officers of the corporation and the directors or trustees and the total number of directors or trustees that constitute the board of each corporation, the change in these demographics from previous years; and the aggregate demographics of all such corporate officers and boards of directors or trustees.

AI Summary

This bill requires corporations and nonprofit corporations to include demographic information, such as race, ethnicity, sexual orientation, gender identity or expression, disability status, and veteran status, for the members of their corporate boards and senior management in their annual reports filed with the Department of the Treasury. The State Treasurer is required to publish quadrennial reports on the number of publicly held domestic and foreign corporations with principal executive offices in New Jersey, and the demographic information for the officers and directors or trustees of these corporations, including changes in demographics over time and the aggregate demographics of all such corporate officers and boards.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 02/10/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...