At least 3
Corporations may increase the number of directors on their boards to comply with these requirements. A director is from an underrepresented community if they self-identify as Black, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, Alaska Native, gay, lesbian, bisexual, or transgender.
AB 979 adds to the gender diversity requirements previously imposed by SB 826 (passed in 2018).
Employer Reporting Requirements
New Successor Liability Risks and Secretary of State Disclosure Requirements (Beginning January 1, 2022)
AB 3075 will expand potential liability for successor employers, defined as entities that have acquired a business through a merger or consolidation, and use substantially the same workforce as the original employer to offer the same services as the original business. Successor employers will now be liable for any wages, damages, and penalties owed by the predecessor to its employees. Thus, if an original employer defaults on a wage and hour judgment, employees will be permitted to collect debts from a successor employer.