New Jersey S2469 establishes Garden State Corporations, which are manufacturing firms in New Jersey with employee-elected board members.
New Jersey S2469, the "Garden State Manufacturing Jobs Act," establishes Garden State Corporations, which are corporations primarily engaged in manufacturing in New Jersey. These corporations must have employee-elected board members who have equal voting rights and access to corporate documents and decisions. Employees working in New Jersey facilities can vote and seek election as board members. The bill allows corporations to become Garden State Corporations by amending their certificates of incorporation.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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