News & Analysis as of

Proposed Legislation Secretary of State

Allen Matkins

Beneficial Ownership Reporting May Soon Be Coming To California With A Brobdingnagian Price Tag!

Allen Matkins on

Beginning January 1, 2024, many companies became subject to the beneficial ownership reporting requirements of the Corporate Transparency Act.   The Financial Crimes Enforcement Network (FinCEN) estimated that the total costs...more

Allen Matkins

Legislators Again Kept In Dark About Constitutional Infirmities Of Climate Corporate Accountability Act

Allen Matkins on

SB 260 scheduled to be heard tomorrow by the Assembly Judiciary Committee.  This bill would enact the the "Climate Corporate Accountability Act".    If enacted, the bill purportedly would require large companies doing...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 7

Clark Hill PLC on

The House and Senate are both in recess this week. When the Senate returns next week, the Chamber plans to focus on nominations, the House-passed Women’s Health Protection Act (H.R. 3755), the House-passed Postal Service...more

Patton Sullivan Brodehl LLP

A Curb on LLC Form Filing Shenanigans?

In California, all LLCs are required to periodically file a Statement of Information with the Secretary of State.  The Statement of Information is posted to the Secretary of State’s website, and can be accessed by the public...more

Morrison & Foerster LLP

New California Law To Require Representation From “Underrepresented Communities” On Boards Of Public Companies Headquartered In...

California’s Assembly Bill (“AB”) 979 is set to make waves both within the state and across the country as a groundbreaking new law that would require companies to diversify their boards and reserve seats for directors from...more

Allen Matkins

California Gender Equity Quota Bill Advances

Allen Matkins on

An effort by several California legislators to impose gender quotas on publicly held corporations will be heard next week by the Banking and Financial Institutions Committee. SB 826, as amended on April 3, will apply to both...more

Allen Matkins

Bill Seeks To Provide Remedy For Unlawful Use Of Personal Identifying Information In Business Filings

Allen Matkins on

Identity theft, including business identity theft, is all too common. In its most straightforward form, the thief simply appropriates the identity of an individual or business and uses that identity to obtain goods,...more

Allen Matkins

Bill Would Restrain Online Disclosures By The Secretary Of State

Allen Matkins on

California's legislature reconvened last week for the second year of its biennium. Assemblyman Marc Steinorth began the session by introducing a bill requiring the Secretary of State to exclude certain personal information...more

Fisher Phillips

“Naming And Shaming" - Could the UK's Approach To Bridging the Pay Equity Gap Be Coming To America?

Fisher Phillips on

No one denies the pay gap between men and women exists. However, there is much debate as to how best to close that gap. In the United Kingdom (UK), legislators are employing a “naming and shaming” strategy to try to use to...more

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