Posted on 04/01/2019 2:27:12 AM PDT by Libloather
After a heated debate, calls of racism, and shouting, the Illinois state House of Representatives voted to require all publicly held companies in the state to have at least one woman and one African-American on the company's corporate board.
State Rep. Chris Welch’s bill, which passed Friday, would require any publicly-traded company headquartered in the state to have at least one woman and at least one African-American on its corporate boards starting in 2021.
“No later than the close of the 2020 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation's SEC 10-K form, are located in Illinois shall have a minimum of one female director and one African American director on its board of directors,” according to the text of the bill. It would allow boards to expand to meet the requirements.
(Excerpt) Read more at newspressnow.com ...
What could possibly go wrong.
A reminder to never move to Ill Annoy.
Well, aren’t they discriminating against the rest of the victims? I mean, why are they not demanding there be at least one lesbian, one gay, one transgender, one bi-sexual, one gender-queer, one illegal alien, etc., etc.?
Jesse Jackson shakedown enforcement law.
Maybe I should move to IL and identify as a Female African-American and then volunteer to serve on the board of each and every publicly held company for a token fee ...
What percentage of African blood would the “African American” need to be the token? Is 10% enough, or does the token have to have a higher percentage? And how will the idiots overseeing this quota of a woman and an African American be able to ascertain this? Can the woman be a transgender or must it be an actual XX woman? Can you imagine the lawsuits coming when they insist on the real McCoy?
Current Board members will now have to draw straws to see who will now identify as a woman, and who identifies as an african american.
How is the legal?
And no, I am not joking.
april fools
How are "sanctuary cities/states" legal?
How is "banning" firearm magazines that suddenly makes tens of millions of gun owners into instant felons legal?
How is murdering innocent babies in or outside the womb legal?
How is "gay marriage" between two sexual perverts legal?
Still More ComDem Insanity!
What happened to private industry, corporate or private?
Delaware incorporation costs $200 bucks.
It’s always a great idea to sprinkle unqualified leadership into the corporate boardroom. Diversity is judged by appearance, not ability, and it is our strength. This is who we are (/s)
You may be right, but I searched for it and here it is on DU.
https://www.democraticunderground.com/10494565
And the author is connected with watchdog.org who was extremely helpful in fighting off the ComDems back in the Zero administration.
But it is April 1st.
What? no midget’s?!
I can’t wait to leave this God forsaken State.
L
When giant Burger King acquired tiny and troubled Tim Horton’s they did an inversion: The resulting corporation was the legacy Tim Horton’s, Burger King was the subsidiary, and home country moved from Obama’s America to Canada, saving a great deal of money in taxes and a great deal of red tape.
The Cayman Islands beckon. Wouldn’t you rather have corporate headquarters in the Bahamas than Chicago?
Illinois completes the death spiral.
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