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Monday, March 15, 2021 California's female and underrepresented communities quota requirements apply to "publicly-held corporations".  California's Corporate Disclosure Statement requirement applies to "publicly-traded corporations".  California's Secretary of State's website describes publicly held corporations as a "subset of publicly traded corporations".  This is not strictly accurate.   Moreover, not ever foreign corporation meeting the definition of a "publicly held corporation" is required to file a Corporate Disclosure Statement pursuant to California Corporations Cod...

To embed, copy and paste the code into your website or blog: California's female and underrepresented communities quota requirements apply to "publicly-held corporations".  California's Corporate Disclosure Statement requirement applies to "publicly-traded corporations".  California's Secretary of State's website describes publicly held corporations as a "subset of publicly traded corporations".  This is not strictly accurate.   Moreover, not ever foreign corporation meeting the definition of a "publicly held corporation" is required to file a Corporate Disclosure Statement pursuant to C...

Friday, March 12, 2021 Every publicly traded California corporation and every publicly traded foreign corporation that is registered with the California Secretary of State to transact intrastate business must file an annual Corporate Disclosure Statement.  Cal. Corp. Code § 1502.1 & 2117.1.   The Corporate Disclosure Statement includes disclosures with respect to compliance with California's quota requirements with respect to female directors and directors from underrepresented communities.  Cal. Corp. Code §§ 301.3, 301.4, 2115.5 & 2115.6.  However, not every publicly trad...