Send emails directly to all committee members (Rules: firstname.lastname@example.org; Rep.ChristineDrazan@oregonlegislature.gov; Rep.PaulHolvey@oregonlegislature.gov; Rep.DanielBonham@oregonlegislature.gov; Rep.JulieFahey@oregonlegislature.gov; Rep.AndreaSalinas@oregonlegislature.gov; Rep.JackZika@oregonlegislature.gov; ) and your representative.
This bill requires board of directors of publicly traded corporation to have specified proportion of female directors and directors who are members of underrepresented communities. Punishes violation of requirement with civil penalty of at least $100,000.
Personal Choice and Responsibility
The first definition indicates where -1 amendment came from: “Female” means an individual who identifies the individual’s own gender as other than a male gender. According to other proposals, a man can self identify as other than male and qualify. Women work hard to earn their place and this is offensive and belittling to a woman that would be appointed to a board for any other reason than ability. Underrepresented should feel the same.
California became the first state to legally compel public companies to add women directors in 2018. By December 31, 2021, boards with six or more directors must have at least three female directors, boards of five must have at least two, and boards with four or fewer members must have one. HB 3110 requires board of directors of publicly traded corporations to have at least one female director and at least one director who are a member of an underrepresented community, establishes violations of this requirement, sets civil penalties, and requires annual reporting by the Secretary of State on related factors and compliance.
This is a move of government to control the free market. Increasing the board number to comply is an accommodation and insulting to those filling those positions.
Proposed -1 Amendment: Changes definition of female. Adds lesbian, gay, bisexual, transgender, or another minority gender identity or
sexual orientation to definition for members of an underrepresented community. Reduces civil penalties to start