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A recent Bill introduces new duties for employers in Illinois,
including in relation to job applicants criminal records,
reporting on gender, race and ethnicity and equal pay.
Executive summary
On 23 March 2021, Governor J.B. Pritzker signed into law
Illinois Senate Bill 1480 which amends the Illinois Human Rights
Act, the Illinois Equal Pay Act of 2003, and the Illinois Business
Corporation Act, and imposes new obligations on employers. The
amendments are available here. The changes include:
consideration of criminal histories under the Illinois Human
Rights Act;
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Executive Summary: On March 23, 2021,
Governor J.B. Pritzker signed into law Illinois Senate Bill 1480
which amends the Illinois Human Rights Act, the Illinois Equal Pay
Act of 2003, and the Illinois Business Corporation Act, and imposes
new obligations on employers. The amendments are available at: https://www.ilga.gov/legislation/publicacts/101/101-0656.htm.
The changes include:
Consideration of Criminal Histories under Illinois Human Rights
Act
Amendments to Illinois Business Corporations Act regarding
employee demographics
New Equal Pay Requirements (including whistleblower protection
for reporting violations of the new requirements)
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Executive Summary: On March 23, 2021, Governor J.B. Pritzker signed into law Illinois Senate Bill 1480 which amends the Illinois Human Rights Act, the Illinois Equal Pay Act of 2003, and the Illinois Business Corporation Act, and imposes new obligations on employers. The amendments are available at: https://www.ilga.gov/legislation/publicacts/101/101-0656.htm. The changes include:
Consideration of Criminal Histories under Illinois Human Rights Act
Amendments to Illinois Business Corporations Act regarding employee demographics
New Equal Pay Requirements (including whistleblower protection for reporting violations of the new requirements)
Illinois Human Rights Act Amendment −
Wednesday, December 16, 2020
Although fiduciary duties typically protect minority shareholders, under Illinois law, shareholders of close corporations and regular corporations that look like close corporations may owe fiduciary duties to other shareholders and to their corporations.
Minority shareholders should consider taking steps to eliminate any fiduciary duties that they might owe.
When acquiring shares in a corporation, minority shareholders often evaluate the profitability of the corporation, the value of their shares, and what protections are in place to shield them from wrongdoing at the hands of the controlling shareholders. Most minority shareholders likely believe that they do not owe any obligations to their fellow shareholders or to the corporation. But under Illinois law, minority shareholders of certain types of corporations may actually owe fiduciary duties even if they are not directors or officers of those corporations.