AB 979 — Corporations: boards of directors: underrepresented communities.

Summary

Existing law, no later than the close of the 2019 calendar year, requires a publicly held domestic or foreign corporation whose principal executive office is located in California to have a minimum of one female director on its board. Existing law, no later than the close of the 2021 calendar year, additionally requires such a corporation with 5 directors to have a minimum of 2 female directors and such a corporation with 6 or more directors to have a minimum of 3 female directors. Existing law authorizes the Secretary of State to impose fines for violations of these provisions, as specified, and requires the moneys from these fines to be available, upon appropriation, to offset the cost of administering these requirements. This bill would require, no later than the close of the 2021 calendar year, such a corporation to have a minimum of one director from an underrepresented community, as defined. The bill would require, no later than the close of the 2022 calendar year, such a corporation with more than 4 but fewer than 9 directors to have a minimum of 2 directors from underrepresented communities, and such a corporation with 9 or more directors to have a minimum of 3 directors from underrepresented communities. Existing law requires, on or before specified dates, the Secretary of State to publish various reports on its internet website documenting, among other things, the number of corporations in compliance with these provisions. This bill would require, on or before specified dates, the Secretary of State to include in those reports certain information, including, among other things, the number of corporations in compliance with the bill's provisions. The bill would authorize the Secretary of State to impose fines for violations of the bill's provisions, as specified, and would require the moneys from these fines to be available, upon appropriation, to offset the cost of administering these requirements. This bill would make related findings and declarations.

Bill Text

• Chaptered 09/30/20 - Chaptered Current pdf September 30, 2020
• Enrolled 09/01/20 - Enrolled pdf September 01, 2020
• Amended 08/20/20 - Amended Senate pdf August 20, 2020
• Amended 07/28/20 - Amended Senate pdf July 28, 2020
• Amended 07/14/20 - Amended Senate pdf July 14, 2020
• Amended 06/29/20 - Amended Senate pdf June 29, 2020
• Amended 01/06/20 - Amended Assembly pdf January 06, 2020
• Introduced 02/21/19 - Introduced pdf February 21, 2019
• AB979 View text html

Action History

1. September 30, 2020

   Chaptered by Secretary of State - Chapter 316, Statutes of 2020.

2. September 30, 2020

   Approved by the Governor.

3. September 08, 2020

   Enrolled and presented to the Governor at 4:30 p.m.

4. August 30, 2020

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 56. Noes 8. Page 5377.).

5. August 30, 2020

   From committee: That the Senate amendments be concurred in. (Ayes 8. Noes 1.) (August 30).

6. August 30, 2020

   Joint Rule 62(a), file notice suspended. (Page 5274.)

7. August 30, 2020

   Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2.

8. August 29, 2020

   In Assembly. Concurrence in Senate amendments pending.

9. August 29, 2020

   Read third time. Passed. Ordered to the Assembly. (Ayes 26. Noes 8. Page 4432.).

10. August 24, 2020

    Read second time. Ordered to third reading.

11. August 20, 2020

    Read second time and amended. Ordered returned to second reading.

12. August 20, 2020

    From committee: Amend, and do pass as amended. (Ayes 4. Noes 2.) (August 20).

13. August 17, 2020

    In committee: Referred to APPR. suspense file.

14. August 13, 2020

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (August 13). Re-referred to Com. on APPR.

15. July 30, 2020

    In committee: Hearing postponed by committee.

16. July 28, 2020

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.

17. July 14, 2020

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.

18. July 09, 2020

    In committee: Hearing postponed by committee.

19. July 02, 2020

    Re-referred to Com. on B. & F.I.

20. June 30, 2020

    Re-referred to Com. on RLS.

21. June 30, 2020

    Withdrawn from committee.

22. June 29, 2020

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L., P.E. & R.

23. June 23, 2020

    Referred to Com. on L., P.E. & R.

24. January 28, 2020

    In Senate. Read first time. To Com. on RLS. for assignment.

25. January 27, 2020

    Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 3894.)

26. January 23, 2020

    Read second time. Ordered to third reading.

27. January 23, 2020

    From committee: Do pass. (Ayes 17. Noes 0.) (January 23).

28. January 23, 2020

    In committee: Set, first hearing. Referred to APPR. suspense file.

29. January 08, 2020

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (January 8). Re-referred to Com. on APPR.

30. January 07, 2020

    Re-referred to Com. on P.E. & R.

31. January 06, 2020

    From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E. & R. Read second time and amended.

32. April 24, 2019

    In committee: Set, first hearing. Hearing canceled at the request of author.

33. March 04, 2019

    Referred to Com. on P.E. & R.

34. February 22, 2019

    From printer. May be heard in committee March 24.

35. February 21, 2019

    Read first time. To print.

Sponsors

• Holden · Primary
• Chiu · Cosponsor
• Eloise Gómez Reyes · Cosponsor
• Hueso · Cosponsor
• Robert Garcia · Cosponsor

Votes

Subjects