Bill
Bill > S2885
NJ S2885
NJ S2885Requires State Treasurer to collect and study certain demographic information on corporate boards and in senior management.
summary
Introduced
03/04/2024
03/04/2024
In Committee
03/04/2024
03/04/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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, 2026, 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 both for-profit and nonprofit corporations operating in the state to include demographic information about their corporate board members and senior management in their annual reports filed with the Department of the Treasury, specifically collecting data on race, ethnicity, sexual orientation, gender identity or expression, disability status, and veteran status. Furthermore, the State Treasurer will be responsible for compiling and publishing a report every four years, starting on February 1, 2026, detailing this demographic information for publicly held domestic and foreign corporations headquartered in the state, including changes from previous years and an aggregate overview of all corporate officers and boards.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 03/04/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S2885 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2885_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2885_I1.HTM |
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