SPRINGFIELD, Ill. (WEEK) — A bill which would require a woman and an African-American on the boards of all publicly-held corporations in Illinois passed the House.
The sponsor of House Bill 3394, state Rep. Camille Lilly (D-Chicago) said corporations need to prioritize racial and gender equality on their boards of directors.
“It’s important that the leadership of large companies in Illinois reflects the diversity of our state,” Lilly said. “For too long, women and African-Americans have been excluded from the opportunity to serve on corporate boards and this measure will make sure they are represented.”
The bill would require at least one woman and one African-American on the board of directors of every publicly-held corporation by the end of 2020. The secretary of state’s office could fine corporations out of compliance with the law. The office would also publish an annual report on diversity on corporate boards.
The bill passed the House 61-27, with most Republicans voting against the bill. The bill now moves to the Senate.