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California Requires Board Diversity and Additional Company Disclosures

On September 30, 2020, California Governor Gavin Newsom signed a bill into law requiring publicly held corporations to further diversify their boards of directors. He also signed a bill requiring that corporations and limited liability companies make additional disclosures.

Assembly Bill 979 (AB 979) adds Section 301.4 to the California Corporations Code. This Section requires corporations to have at least one director from an underrepresented community on their boards of directors by the close of the 2021 calendar year, with increases the following year for boards of certain sizes. Under the law, “‘[d]irector from an underrepresented community’ means an individual who self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native, or who self-identifies as gay, lesbian, bisexual, or transgender.” A corporation may increase the number of directors on its board to comply with the law. The law applies to publicly held domestic or foreign corporations with principal executive offices in California. Find more information on AB 979.

Assembly Bill 3075 (AB 3075) requires a corporation or limited liability company to disclose whether any officer or any director (or any member or manager, if a limited liability company) has an outstanding final judgment issued by a court or California’s Division of Labor Standards Enforcement for violation of the California Labor Code or any wage order. The new disclosure requirement will take effect no later than January 1, 2022, and possibly sooner as set forth in the law. Find more information on AB 3075.

Jackson Lewis P.C. © 2022National Law Review, Volume X, Number 306
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About this Author

Harold R. Jones Labor & employment Attorney Jackson Lewis Law Firm San Francisco
Principle

Harold R. Jones is a Principal in the San Francisco, California, office of Jackson Lewis P.C. For more than 15 years, Mr. Jones has worked with employers to solve employee-related problems.

Mr. Jones has represented local and national employers in a broad array of industries including financial services, hospitality, healthcare, bio-technology, staffing, manufacturing, retail, transportation and technology. Mr. Jones’s practice includes the defense of employers in the full range of civil actions before California courts,...

415-796-5469
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