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 ...
And a reminder to those of us stupid enough to still be living here because of "family" it's time to get the F out.
No wonder companies are leaving this his POS state left and right. By the time Governor JB McCheese Pritzker is done with this state, it'll be worse than Californication.
We have the Liberal Courts to thank for that.
How is "banning" firearm magazines that suddenly makes tens of millions of gun owners into instant felons legal?
They aren't ... NOW ... wait until the 9th Circus Court of Appeals weighs in however, they will be again until it hits the USSC.
How is murdering innocent babies in or outside the womb legal?
Always remember: just because something is legal doesn't mean it's not EVIL. That's my response anytime someone brings up the topic of abortion. Shuts them down right away.
How is "gay marriage" between two sexual perverts legal?
Because the USSC says so. To which I respond: Just because something is legal doesn't mean it's not EVIL.
The Supreme Court will kill this. It’s racist.
Rachel Donezel is packing for the move to IL.
Relocation specialists are smiling.
Blatantly unconstitutional, but there will be four votes on SCOTUS to uphold.
One day they’re gonna run out of black people to use.
If it is true, it is beyond stupid.
Instead of honoring the woman or black board member, it brands them as tokens. It invites contempt for the new member who will be looked on as dumb and there only for his/her color.
A typical case of poisoning by over dosing the medicine.
-PJ
Yes. it is truly beyond stupid. It is more ComDem Insanity!
You are correct. Evil is still Evil no matter how it is dressed up.
That’s a great idea-but if you’re 13% (14% tops!) of the population ....should you really BE 100% of the politics, society and culture?
Once the government can intervene in this way, it won’t stop.
Next up - you must have a union leader or “community stakeholder” in leadership. And a couple of women and LGBT types.
This is fascism - you may own the property in name but you have to give them control over all the daily decisions and a large share of the money. And in exchange for being allowed to theoretically own it all, you’re hated on, berated, and held to blame if anything goes wrong.
If the law can “require” such a thing, the slippery slope of the idea will expand to all sorts of “required” demographic facts on private companies boards of directors.
Companies should reduce their boards of directors to no more than seven members (said by some to be the ideal size - the average is 9), and sue on the basis that any such law cannot require anything above a “proportional” distribution of any demographic category on its board.
“Blacks” make up 14% of Illinois population and 14% of 7 is less than one.
Do this to show the farce that the law is. Because first “proportional” would certainly sound more “fair”, but also would be absurd. By “proportional” “Asians” for instance could never be on the boards unless the boards were at least 20 members. Many other even smaller minorities would never obtain “equal protection” of the law, and by granting something greater than “proportional” representation (as the law in Illinois would do now) would violate the “equal” protection of some large demographic category whose membership on the boards was reduced below what their proportional representation would be.
Make all those arguments before the court to demonstrate that the law cannot manufacture “equal” protection of its writ and the results of the laws intent is an absurdity that will always be “unfair” to someone.
The legal opposition to the law can argue that ideas do not take up unique residence in any so-called “race” or sex of persons exclusively, and what corporate boards seek is persons who represent the skills and professional experience that will help guide the company regardless of “race”, sex or any other demographic category a person represents. Also, just as the same idea is not restricted to persons by so called “race”, persons of the same “race” may represent different and opposing ideas. Therefor, suggesting that when looking for the ideas you seek - coming persons’ from skill and work experience - suggesting you need any particular “racial” or sex headcount to obtain it is absurd. Yes it fits a political motive but it is neither rational nor logical.
One of my hobbies in retirement is learning, or perhaps becoming aquatinted with foreign languages. My current battle is with French. So I look for French stuff on the internet. France 24 has little shows about French culture and I was watching this one last night: https://www.youtube.com/watch?v=u47FY9ZzKbA&frags=pl%2Cwn the topic What Does It Mean to Be French.
During the program the presenters contrasted France’s attitude toward ‘multiculturalism’ with that of the US and Britain. In France the government is forbidden to categorize citizens by race or religion. The official attitude is we are all French. Now, I understand that they are being invaded by muslims and that there are no-go zones and that we call them cheese-eating surrender monkeys etc. etc. But I do think they’ve got at least one thing right.
Every American citizen is an American citizen—and that should be it. No bonus points or special protections granted for skin tone, ancestry, fondness for cats, type of genitalia, etc. etc.
Illinois the state where you don’t want to own a company of your own. What a joke, a Twilight Zone episode could be made of this State’s decision.
Good point. Just a matter of time.
(read: FDR's Folly - How FDR Extended and Deepened The Great Depression)
Reparations will never stand up due to lawsuits over dna. Too light, too dark, no slave blood, the lawyers will prevail.
I stand opposed to government at any level controlling the makeup of corporate boards.
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