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• Introduced by Sen. Harriet Spanel, (D-40th District) (D) on January 16, 2007, to change provisions regarding the determination of the best interests of a corporation. A director may take into consideration 1) the social, legal, economic, and environmental effects of their decisions, 2) potential impacts on employees, customers, and suppliers of the corporation, 3) community and geographical circumstances, 4) the economy of the state and the nation, and 5) Long-term and short-term interests of the corporation and the shareholders.
  • Referred to the Senate Judiciary Committee on January 16, 2007.
  • Referred to the Senate Rules Committee on February 9, 2007.