Senate Bill S4278

Signed By Governor
2019-2020 Legislative Session

Enacts the "women on corporate boards study"

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-S4278 (ACTIVE) - Details

See Assembly Version of this Bill:
A6330
Law Section:
Business Corporation Law
Laws Affected:
Amd §408, BC L

2019-S4278 (ACTIVE) - Summary

Enacts the "women on corporate boards study"; requires the department of state, in collaboration with the department of taxation and finance, to conduct a study on the number of women directors who serve on each board of directors of domestic corporations and foreign corporations authorized to do business in New York state.

2019-S4278 (ACTIVE) - Sponsor Memo

2019-S4278 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 4278                                                  A. 6330
 
                        2019-2020 Regular Sessions
 
                       S E N A T E - A S S E M B L Y
 
                               March 6, 2019
                                ___________
 
 IN SENATE -- Introduced by Sen. KRUEGER -- read twice and ordered print-
   ed, and when printed to be committed to the Committee on Corporations,
   Authorities and Commissions
 
 IN  ASSEMBLY  --  Introduced  by  M.  of  A.  SEAWRIGHT -- read once and
   referred to the Committee on Corporations, Authorities and Commissions

 AN ACT to amend the business corporation law, in  relation  to  enacting
   the "women on corporate boards study"
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "women on corporate boards study".
   §  2.  Women  directors  on corporate boards report. The department of
 state, in collaboration with the department  of  taxation  and  finance,
 shall conduct a study on the number of women directors who serve on each
 board  of  directors  of  domestic corporations and foreign corporations
 authorized to do business in this state. The study shall include but not
 be limited to: the number of women directors and  the  total  number  of
 directors  that constitute the board of each corporation; an analysis of
 the change in number of women directors from  previous  years;  and  the
 aggregate percentage of women directors on all such boards of directors.
 In  conducting  the  study the department of state shall use information
 provided in the statement filed pursuant to  subdivisions  1  and  8  of
 section  408  of  the  business  corporation law and any other available
 information the department of state deems relevant. On or before  Febru-
 ary 1, 2022, and on or before February first of every fourth year there-
 after, the department of state shall publish a report on the findings of
 such  study and post such report on the department of state's website. A
 copy of the report shall be furnished to  the  governor,  the  temporary
 president  of  the  senate  and  the  speaker of the assembly. The terms
 "director", "domestic corporation", and "foreign  corporation"  used  in

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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