1) Beginning January 1, 2021, a publicly held domestic corporation or foreign corporation whose principal executive offices, according to the corporation's SEC 10-K form, are located in this state must have a minimum of 1 female director on its board. A corporation may increase the number of directors on its board to comply with this section. (2) Beginning January 1, 2023, a publicly held domestic corporation or foreign corporation whose principal executive offices, according to the corporation's SEC 10-K form, are located in this state must comply with 1 of the following, as applicable: (a) If its number of directors is 6 or more, the corporation must have at least 3 female directors. (b) If its number of directors is 5, the corporation must have at least 2 female directors. (c) If its number of directors is 4 or fewer, the corporation must have at least 1 female director.