S.F. 217 Section 1. RECOGNITION PROGRAM FOR GENDER DIVERSITY ON 1 BOARD OF DIRECTORS OR OTHER GOVERNING BOARD. 2 1. Effective January 1, 2020, the economic development 3 authority shall implement and administer a program that 4 provides a certification or other recognition for companies 5 that have at least fifty percent women on the company’s board 6 of directors or other governing board. 7 2. The authority shall establish criteria for all of the 8 following: 9 a. Issuance of a certification or other recognition. 10 b. Revocation of the certification or other recognition. 11 c. Renewal of the certification or other recognition. 12 d. Terms of use for a company that has received the 13 certification or other recognition. 14 3. The authority shall adopt rules pursuant to chapter 17A 15 as necessary to implement and administer this section. 16 EXPLANATION 17 The inclusion of this explanation does not constitute agreement with 18 the explanation’s substance by the members of the general assembly. 19 This bill requires the economic development authority, by 20 January 1, 2020, to implement and administer a program that 21 provides a certification or other recognition for companies 22 that have at least 50 percent women on the company’s board 23 of directors. As part of the program, the authority is 24 required to establish criteria for issuance of a certification, 25 revocation and renewal of the certification, or other 26 recognition and terms of use for a company that has received 27 the certification. The authority shall adopt rules as 28 necessary to implement and administer the program. 29 -1- LSB 2390XS (2) 88 ko/rn 1/ 1