SENATE DOCKET, NO. 1497        FILED ON: 1/17/2019

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1094

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jason M. Lewis

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act ensuring fair worker representation on corporate boards of directors.

_______________

PETITION OF:

 

Name:

District/Address:

 

Jason M. Lewis

Fifth Middlesex

 

Steven Ultrino

33rd Middlesex

1/29/2019

Michael O. Moore

Second Worcester

1/31/2019


SENATE DOCKET, NO. 1497        FILED ON: 1/17/2019

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1094

By Mr. Lewis, a petition (accompanied by bill, Senate, No. 1094) of Jason M. Lewis, Steven Ultrino and Michael O. Moore for legislation to ensure fair worker representation on corporate boards of directors.  Labor and Workforce Development.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act ensuring fair worker representation on corporate boards of directors.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 8.03 of chapter 156D of the General Laws is hereby amended by inserting the following subsection:-

(e) Not less than two-fifths of the directors of a corporation shall be elected by the employees of the corporation using an election process. A director elected by the employees shall have the same rights and powers and shall be subject to the same duties and responsibilities as a director elected by the stockholders.

(f) subsection (e) shall apply only to corporations that have more than $100,000,000 in gross receipts in a given taxable year.