Re:Governor signs bill requiring California corporate boards...
by pastor_elm on Wednesday October 03, 2018 @03:58PM
(#18134245)
no, it's called a grandfather (no pun intended) clause
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Re:Governor signs bill requiring California corporate boards...
by jotux on Wednesday October 03, 2018 @04:05PM
(#18134326)
I don't see anything in the actual law[1] that grandfathers existing corporations. It states the law is applicable to:
>a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation’s SEC 10-K form, are located in California
[1] https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...