New York bill S06030 mandates that not-for-profit corporations must have a board of directors reflecting the ethnic demographics of the communities.
New York bill S06030 amends the not-for-profit corporation law to require that certain not-for-profit corporations must have a board of directors that reflects the ethnic demographics of the communities they serve in order to receive state funds. This change aims to ensure that the leadership of these organizations represents the diversity of the communities they aim to serve. The bill will take effect one year after it becomes law.
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