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House Passes Bill Requiring Male African-American, Female Be on Corporate Boards of Publicly Held Companies

A BILL PENDING IN THE STATE SENATE WOULD BRING MORE DIVERSITY TO CORPORATE LEADERSHIP.

 

THE MEASURE REQUIRES PUBLICLY HELD COMPANIES IN ILLINOIS TO HAVE AT LEAST ONE WOMAN AND ONE AFRICAN AMERICAN ON THEIR CORPORATE BOARDS BY 2021. IT’S SPONSORED BY REPRESENTATIVE CHRIS WELCH OF HILLSIDE.

 

 

WELCH SAYS MANY COMPANIES ALREADY HAVE A SIMILAR POLICY AND THAT HAVING A DIVERSE BOARD LEADS TO BETTER RESULTS.

 

 

CRITICS CALL THE BILL “ANTI-BUSINESS.” IT’S PASSED THE HOUSE AND NOW FACES A VOTE IN THE SENATE.

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