BILL · 2007–08 SESSION
SB 5294: Corporate directors
Allowing corporate directors to consider the social, legal, economic, and environmental effects of their decisions.
Summary
- Directors of a corporation are authorized to give, within the scope of their duties, due consideration to the social, legal, economic, and environmental effects of their decisions in order to determine what they believe to be in the best interest of the corporation and its shareholders.
From the Senate Bill Report (SB 5294), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 16, 2007
- Out of committeeFeb 9, 2007
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Harriet Spanel (D-40)
- Introduced
- January 16, 2007 in the Senate
- Last action
- January 14, 2008
AN ACT Relating to the considerations of corporate directors in exercising their duties;
Sponsors
Prime sponsor: Harriet Spanel (D-40)
6 co-sponsors (5 Democrats, 1 Republican)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- Made eligible to be placed on second reading.
- Passed to Rules Committee for second reading.
- Minority; do not pass.
- JUD - Majority; do pass.
- First reading, referred to Judiciary.
SB 5294 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5294 (2025–26) Professional accounts
- SB 5294 (2023–24) Retirement system funding
- SB 5294 (2021–22) Long-term care/epidemics
- SB 5294 (2019–20) Legislative service leave
- SB 5294 (2017–18) Department of corrections
- SB 5294 (2015–16) School library & tech progs
- SB 5294 (2013–14) Hydroelectricity
- SB 5294 (2011–12) Public records inspection