Earlier this month, I wrote about a California bill, SB 260, that would impose greenhouse gas emissions disclosure obligations on "publicly traded domestic corporations" and "publicly traded foreign corporations". That bill will is now set for...
California Bill Would Require Climate-Related Financial Risk Reports
Posted on March 23, 2021
They Went Where?
Posted on March 18, 2021
According to the California Secretary of State's Women on Board report, 22 publicly held corporations moved their principal executive offices out of California. These data were based on a comparison of annual reports filed in 2019 to the annual...
Why All Publicly Held Corporations Do Not File Corporate Disclosure Statements
Posted on March 15, 2021
California's female and underrepresented communities quota requirements apply to "publicly-held corporations". California's Corporate Disclosure Statement requirement applies to "publicly-traded corporations". California's Secretary of State's ...
Why Some Annual Corporate Disclosure Statement Filings May Be More Than Annual
Posted on March 12, 2021
Every publicly traded California corporation and every publicly traded foreign corporation that is registered with the California Secretary of State to transact intrastate business must file an annual Corporate Disclosure Statement. Cal. Corp. Code...
Some Differences Between "Publicly Held" and "Publicly Traded" Corporations
Posted on March 10, 2021
In this post, I questioned the accuracy of the California Secretary of State's definition of "publicly held corporation", a term that is used in both the female and underrepresented communities quota statutes. Cal. Corp. Code §§ 301.3(f)(2),...
Secretary Of State Charts California's Filing And Board Quota Requirements
Posted on March 09, 2021
A California corporation or a foreign corporation that has registered to transact intrastate business in California may be required to file either one or two annual statements with the Secretary of State. It may also be subject to California's quota...
Does The Secretary Of State's Definition of "Publicly Held Corporation" Miss The Mark?
Posted on March 08, 2021
On March 1, the Secretary of State released the report on California's female director quota requirement mandated by Corporations Code Section 301.3. The report is included on the Women on Boards page of the Secretary's website. That page also...
When Will The Constitutionality Of California's Female Director Mandate Be Decided?
Posted on March 05, 2021
I am aware of two pending challenges to the constitutionality of California's female director quota mandate. One, Crest v. Padilla, is pending in the Superior Court in Los Angeles. The other, Meland v. Padilla, is pending in the U.S. District Court...
California Secretary Of State Reports On Corporations Leaving State Following Enactment Of Female Director Mandate
Posted on March 02, 2021
Yesterday, the California Secretary of State's office released what is calling the "Women On Boards" report. The Secretary of State's office is required to publish this report on its website pursuant to Corporations Code § 301.3. Below are the...
