Illinois Takes Steps Toward Adopting a California-Like Board Diversity Bill

Some of Illinois’ largest companies would have to take a critical look at who’s calling the shots in their boardrooms if a bill making its way through Springfield becomes reality.

The legislation, which narrowly passed the House last month, would require any publicly traded company with an Illinois headquarters to have at least one woman and one African-American on its board of directors by the end of 2020 or face a fine of $100,000. Last week, the Senate version of the bill added an amendment requiring a Latino board member.

Illinois Board Diversity Proposal

One Comment Add yours

  1. This is a very important development. We never got the ERA. This isn’t anything like second best but it is very positive.

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