News & Analysis as of

Board of Directors Pending Legislation

Allen Matkins

Strangers In A Strange Land - In California, Bumblebees, Crabs and Snails Are Fishes And A General Partnership May Soon Be A...

Allen Matkins on

In California, some things are not what they seem.  Here, a bumblebee, a crab or snail can be a fish, but a goldfish may not be a fish. Now, a bill is pending in the California legislature which threatens even more violence...more

Society of Corporate Compliance and Ethics...

[Event] Dallas Regional Compliance & Ethics Conference - October 22nd, Frisco, TX

Our one-day Regional Compliance and Ethics Conferences provide attendees with a forum to interact with local compliance professionals, share information about your compliance successes and challenges, and create educational...more

White & Case LLP

PACTE Act (action plan for the growth and transformation of companies): the main changes made in terms of M&A/Corporate

White & Case LLP on

Presented as a flagship measure of economic reform during the five-year period, the law on growth and business transformation, known as the PACTE Act, was finally adopted by the Parliament on April 11, 2019. The...more

Latham & Watkins LLP

Bill To Impose Gender Quotas in Boardrooms Reflects Larger Trend

Latham & Watkins LLP on

California Senate Bill 826 has passed the California Legislature and is headed to the desk of Gov. Jerry Brown, who will have until the end of September to approve or veto it. If enacted, SB 826 will require all companies,...more

Allen Matkins

Governor Green Lights Bill Authorizing Immortal Ex Officio Directors

Allen Matkins on

California's Nonprofit Corporation Law embraces several different types of nonprofit corporations. Part 1 of the Nonprofit Corporation Law includes provisions that are applicable to three categories of nonprofit corporations...more

Pillsbury Winthrop Shaw Pittman LLP

California Considers Mandate to Include Women on Public Company Boards

Pending legislation would require California public companies to have at least one woman director by the end of 2019. Would apply to public companies with a principal place of business in California as disclosed on Form...more

Allen Matkins

Why California's Gender Quota Bill Is More Likely To Be Unconstitutional Than California's Pseudo-Foreign Corporation Statute

Allen Matkins on

In the waning hours of the current session, the California legislature passed a bill that will impose gender quotas on publicly held domestic or foreign corporations whose principal executive offices, according to the...more

Allen Matkins

Impossibility And California's Proposed Gender Quota Bill

Allen Matkins on

I have devoted several recent posts to California's proposed board gender quota bill, SB 826, that seems destined for the Governor's desk. The bill would require "a publicly held domestic or foreign corporation whose...more

Fisher Phillips

And Now The Bad News: Avalanche of California Bills Continues to Advance

Fisher Phillips on

As we discussed in our last blog post, California employers received some rare good news in recent days.  Bills to expand California’s paid sick leave requirement and to require employers to accommodate medical marijuana use...more

Allen Matkins

State Has No Clue As To How Much Board Gender Mandate Will Cost

Allen Matkins on

Several previous posts have highlighted a bill that would impose a gender mandate with respect to the boards of directors of publicly traded corporations that maintain their principal executive office in California. Having...more

BCLP

Changes in Georgia’s Law on Director Duties

BCLP on

On July 1, 2017, significant amendments to the director and officer liability provisions of Georgia’s Financial Institution Code and Business Corporation Code will take effect. These amendments, adopted as House Bill 192...more

Patterson Belknap Webb & Tyler LLP

NPRA Redux: Proposed NPCL Amendments Approved by Senate and Assembly

The New York State Assembly and Senate have passed a bill that, if signed by the Governor, would amend the Not-for-Profit Corporation Law (the “NPCL”) and the Estates, Powers and Trusts Law (the “EPTL”) to clarify and refine...more

Benesch

Perspectives - September/October 2015

Benesch on

In a decision in which no opinion commanded a majority, the Ohio Supreme Court sided with a private entity — a charter school operator — in a dispute over the ownership of personal property purchased by the operator with...more

Proskauer - Corporate Defense and Disputes

Delaware House Passes Bill Prohibiting Bylaws on Fee-Shifting

On June 11th, the Delaware House of Representatives unanimously passed a bill prohibiting publicly traded corporations from adopting bylaws that force shareholders to pay legal fees if they do not prevail in lawsuits...more

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