Existing law requires a publicly held domestic or foreign corporation whose principal executive office is located in California to have a minimum number of directors from underrepresented communities, as specified. Existing law requires the Secretary of State to report, among other things, the number of corporations that are in compliance with those provisions, and authorizes the secretary to impose fines for violations of those provisions, as specified. Existing law defines "director from an underrepresented community" for purposes of those provisions to mean an individual who self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native, or who self-identifies as gay, lesbian, bisexual, or transgender.
This bill would revise this definition to include an individual who self-identifies as Armenian, Assyrian, Greek, Jewish, Muslim, or Sikh, or who is an individual with a disability.

Statutes affected:
AB1840: 11051 PEN
02/07/22 - Introduced: 11051 PEN
03/24/22 - Amended Assembly: 301.4 CORP, 11051 PEN
AB 1840: 11051 PEN