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Repost: Illinois General Assembly Passes Bill to Require Annual Reporting of Board Diversity

By John T. Blatchford, Jennifer Durham King, Thomas P. Desmond & Christopher G. Barrett on June 12, 2019
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This below article was originally posted on Vedder Thinking on June 4, 2019.

On Saturday, June 1, 2019, The Illinois General Assembly passed a bill (the “Diversity Disclosure Bill”) requiring most publicly held companies organized or headquartered in Illinois to include detailed demographic diversity information in their annual reports. Bill intended to provide data to support future policy changes to address underrepresentation of women and minorities on public company boards.

Continue reading: https://www.vedderprice.com/illinois-general-assembly-passes-bill-to-require-annual-reporting-of-board-diversity-information

Photo of John T. Blatchford John T. Blatchford
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Photo of Jennifer Durham King Jennifer Durham King
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Photo of Thomas P. Desmond Thomas P. Desmond

Thomas P. Desmond is Co-Chair of the Executive Compensation & Employee Benefits practice group, a member of the firm’s Board of Directors and Chair of the firm’s Compensation Committee.

Mr. Desmond’s practice includes advising corporations and financial institutions with respect to executive compensation…

Thomas P. Desmond is Co-Chair of the Executive Compensation & Employee Benefits practice group, a member of the firm’s Board of Directors and Chair of the firm’s Compensation Committee.

Mr. Desmond’s practice includes advising corporations and financial institutions with respect to executive compensation, mergers and acquisitions, corporate finance and governance matters. His corporate engagements have included acting as advisor to boards of directors and to compensation, audit, governance and other special committees of boards of directors of public and privately held corporations.

Mr. Desmond is known nationally for his representation of corporations, compensation committees and executives with respect to employment, retirement and separation arrangements affecting senior executives, incentive compensation programs and related regulatory and disclosure requirements. His assignments in this area have included employment arrangements, compensation plans, and regulatory and disclosure matters relating to numerous organizations, including Ace Hardware, Beam, Calamos Investments, ConAgra, Delphi, Dimensional Fund Advisors, DIRECTV, Fifth Third, First Midwest, Fiserv, Harris Associates, Hershey, Hyatt, ING, LPGA, MB Financial, PepsiCo, PGA Tour, Protective Life, Stancorp Financial, Swiss Re, Tellabs, Treehouse Foods, Visa, United Way and a number of private equity-sponsored entities.

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Photo of Christopher G. Barrett Christopher G. Barrett
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  • Posted in:
    Financial
  • Blog:
    The 21st Century Banker
  • Organization:
    Vedder Price PC
  • Article: View Original Source

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