New York Corporations, Including Cooperatives, Must Report the Number of Women on Their Boards
As part of a nationwide movement to increase the high-level participation of woman in the corporate world, the New York State Legislature has enacted a new law requiring that each corporation must report the number of directors on its board of directors and the number of those directors who are women. This information must be included in the biennial reports that all New York corporations and authorized foreign corporations file with the New York State Secretary of State. These reports will be compiled for purposes of a “Women on Corporate Boards Study” by State officials. This law took effect on January 29, 2020 and applies to all New York corporations covered by the Business Corporation Law, including cooperatives.