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Applicable to

1

Gender

Yes

2

Minorities

3

LGBTQ+

4

Veterans

Key requirements

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.

Scope

All publicly held domestic corporations or foreign corporations whose principal executive offices, according to the corporation's SEC 10-K form, are located in this state

Penalties

A corporation that violates this section, or that fails to timely file board member information with the administrator under a rule promulgated under subsection (6), is subject to an administrative fine of not more than $100,000.00 for a first violation, or a fine of not more than $300,000.00 for a second or subsequent violation.

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265 Garnet Dr 

Livermore, CA 94550

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