Bill > A00844

This bill requires companies bidding on state contracts worth over $100,000 to disclose detailed information about women's representation in their leadership and board positions. Specifically, bidders must report the current percentage and number of women in executive roles and on their corporate boards, along with their aspirational goals for increasing female representation and the specific efforts they plan to take to achieve these goals. State agencies will be responsible for collecting this diversity data from all contract offerors and submitting it annually to the Department of Economic Development by May 31st each year. The department will then compile and analyze this information, creating an annual report that will be presented to key state government leaders, including the governor, senate and assembly leadership, and finance committee chairs. The legislative intent behind this bill emphasizes evidence suggesting that companies perform better with diverse leadership and that the state has a vested interest in promoting gender equity in corporate leadership among businesses receiving public funds and contracts.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A844