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Applicable to

1

Gender

Yes

2

Minorities

3

LGBTQ+

4

Veterans

Key requirements

a. By December 31, 2023, a publicly held domestic or foreign corporation whose principal executive office is located in this State shall have a minimum of one female director on its board. A corporation may increase the number of directors, pursuant to N.J.S.14A:6-2, on its board to comply with this section. b. By December 31, 2025, a publicly held domestic or foreign corporation whose principal executive office is located in this State shall comply with the following: (1) a corporation with six or more directors shall have a minimum of three female directors; (2) a corporation with five directors shall have a minimum of two female directors; or (3) a corporation with four or fewer directors shall have a minimum of one female director. c. For the purpose of determining compliance with subsection a. or b. of this section, a publicly held domestic or foreign corporation whose principal executive office is located in this State shall file with the Secretary of State, on an annual basis, a list of all directors and each director’s term of service, and identify how many directors are female.

Scope

All publicly held domestic or foreign corporations whose principal executive office is located in this State

Penalties

For failure to file board member information in a timely manner with the Secretary of State pursuant to subsection c. of section 3 of P.L. , c. (C. ) (pending before the Legislature as this bill), a corporation shall be subject to a civil penalty of $100,000.

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265 Garnet Dr 

Livermore, CA 94550

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