After a heated debate, calls
of racism, and shouting, the Illinois state House of Representatives
voted to require all publicly held companies in the state to have at
least one woman and one African-American on the company's corporate
board.
State Rep. Chris Welch’s bill,
which passed Friday, would require any publicly-traded company
headquartered in the state to have at least one woman and at least one
African-American on its corporate boards starting in 2021.
“No
later than the close of the 2020 calendar year, a publicly held
domestic or foreign corporation whose principal executive offices,
according to the corporation's SEC 10-K form, are located in Illinois
shall have a minimum of one female director and one African American
director on its board of directors,” according to the text of the bill.
It would allow boards to expand to meet the requirements.
You can't make this shit up if you tried...
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