Requires State Treasurer to collect and study certain demographic information on corporate boards and in senior management.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires New Jersey corporations and foreign corporations doing business in the state to collect and report demographic information about their board members and senior management, including data on race, ethnicity, sexual orientation, gender identity, disability status, and veteran status. The State Treasurer will maintain and make public these reports, and will conduct a quadrennial study to track demographic trends in corporate leadership. Failure to file annual reports could result in revocation of the corporation’s certificate of incorporation or authority.
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