Requires certain corporations to appoint women to board of directors.
New Jersey's A613 requires publicly traded corporations with their principal office in the state to appoint women to their boards of directors. By December 31, 2023, all such corporations must have at least one female director; by December 31, 2025, requirements increase based on board size (e.g., three women for boards of six or more directors). Corporations must annually report director demographics to the Secretary of State and face fines of $100,000 for first violations and $300,000 for repeat failures to meet quotas. The bill aims to increase gender diversity in corporate leadership through mandatory representation standards.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Community Development and Women's Affairs Committee
lower
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shavonda Sumter
DDemocratic
P
Verlina Reynolds-Jackson
DDemocratic
Co
Gabe Rodriguez
DDemocratic
Co
Mike Venezia
DDemocratic
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