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The national reckoning on racial equity following the murder of George Floyd has rightly cast a spotlight on boardroom diversity and its lack of representation within corporate America.
To their credit, several states, including Illinois, have taken steps to encourage greater representation of underrepresented groups on corporate boards.
Publicly listed companies headquartered in Illinois must now submit a report detailing their board’s composition to the Illinois Secretary of State at the beginning of every year. The University of Illinois compiles the data and assigns individual ratings, which are due on Monday.
Opinion
The bill was pared down from a version authored by then-state Rep. Chris Welch, now speaker of the House, that would have required Illinois companies to have at least one woman, African American and Latino on their boards of directors. The legislation signed into law removed those requirements, replacing them with the report ca