#GAReads | New 'gender diversity in the boardroom' law places Maryland companies on notice

photo credit: Roxanne Ready [CC BY-SA 2.0], via Flickr (cropped)

“New 'gender diversity in the boardroom' law places Maryland companies on notice”:

Executive Alliance successfully mobilized an effort to support legislation to encourage more gender diversity on Boards of Maryland companies while also increasing transparency, and urgency.

During the 2019 Maryland General Assembly lawmakers passed House Bill 1116 Gender Diversity in the Boardroom. The legislation was sponsored by Del. Shelly Hettleman, D-Baltimore County, who worked tirelessly with other women legislators and a number of male legislators who co-sponsored the bill. The new law went into effect on October 1 and requires Maryland businesses, and certain nonprofits, to report the number of women on their boards as part of the Annual Report of Personal Property Tax Form-1 which companies and nonprofits must file annually by April 15 to Maryland’s Department of Assessments and Taxation (SDAT). This information will be collected by SDAT and shared with the Comptroller of Maryland who will submit a report to the General Assembly on or before Jan. 1 of each year.

Read Luwanda Jenkins’ full article at The Daily Record here…