S 2885 New Jersey Senate · 2024-2025 Regular Session

Requires State Treasurer to collect and study certain demographic information on corporate boards and in senior management.

S 2885 requires all domestic and foreign corporations doing business in New Jersey to include demographic data about their directors and senior management in annual reports filed with the State Treasurer. Specifically, corporations must report race, ethnicity, sexual orientation, gender identity/expression, disability status, and veteran status for these roles. The State Treasurer must then compile and publish quadrennial reports (starting February 1, 2026) analyzing this demographic data across corporate boards and leadership. This bill mandates data collection and public reporting to study representation trends, without imposing new hiring requirements on corporations.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 4, 2024 Last action Mar 4, 2024
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Mar 4, 2024
Introduced
Introduced in the Senate, Referred to Senate Commerce Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Linda Greenstein
Linda Greenstein
DDemocratic
NJ
14