News & Analysis as of

Secretary of State Form 10-K

Allen Matkins

Are Some Publicly Held California Corporations Exempt From The State's Female Board Quota Law?

Allen Matkins on

Corporations Code Section 301.3(a) provides: "No later than the close of the 2019 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation’s SEC 10-K...more

Allen Matkins

Secretary of State Mails Corporate Filing Reminder

Allen Matkins on

The California Secretary of State's business programs division is reminding some corporations of their annual filing obligation and California's new female director quota legislation. The reminder is being mailed to...more

Allen Matkins

Key Unanswered Questions About California's Gender Quota Law

Allen Matkins on

The California legislature has directed the Secretary of State to publish a report by March of next year on the number of corporations that are in compliance with the state's unique board gender quota law. The legislature has...more

Allen Matkins

Why The Mandated Report On Female Directors Fails To Provide Meaningful Information

Allen Matkins on

As noted yesterday, the California Secretary of State published a report on its website concerning publicly domestic or foreign corporations with principal executive offices are located in California. This report was required...more

Allen Matkins

Secretary Of State's Office To Be Tested In Implementing New Gender Quota Law

Allen Matkins on

California's new law imposing gender quotas on boards of publicly held corporations imposes significant new responsibilities on the office of the California Secretary of State. This will put the office in the difficult...more

Fenwick & West LLP

New California Law Requires Representation of Women on Public Company Boards - Steps Companies Can Take to Address SB 826

Fenwick & West LLP on

Governor Jerry Brown signed a bill into law on Sept. 30 that requires publicly held companies headquartered in California to include women directors on their board of directors. SB 826 requires California-based public...more

Pillsbury Winthrop Shaw Pittman LLP

California Becomes First State to Mandate Women on Public Company Boards

Legislation requires California public companies to have at least one woman director by the end of 2019. Applies to public companies with a principal place of business in California as disclosed on Form 10-K....more

Skadden, Arps, Slate, Meagher & Flom LLP

California to Require Inclusion of Female Directors at Public Corporations Based in the State

California has become the first state in the nation to require that publicly held corporations headquartered within the state include female directors on their boards. The new law, signed by Gov. Jerry Brown on September 30,...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

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