California Corporate Disclosure Act
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California Corporate Disclosure Act
The California Corporate Disclosure Act was an act written by California Assemblyman Kevin Shelley and signed into law by California governor Gray Davis in September 2002. It became effective on 1 January 2003. The law required every publicly traded company that does business in California to disclose certain facts about its operations and executives to state regulators. The law required companies to file this information with the California Secretary of State's office. Provisions The California Disclosure Act changed the substance and timing required to be filed with the California Secretary of State The secretary of state of California is the chief clerk of the U.S. state of California, overseeing a department of 500 people. The Secretary of state (U.S. state government), secretary of state is elected for four year terms, like the state's o ... for all U.S. — as well as foreign — corporations that are either incorporated in California or that do business in California. ...
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Kevin Shelley
Kevin Francis Shelley (born November 16, 1955) is an American politician, who was the 26th California Secretary of State from January 6, 2003, until his resignation on March 4, 2005. Early life Shelley was raised in San Francisco, the only son in a family of five. His father, Jack Shelley, was a State Senator, member of the U.S. House of Representatives, and Mayor of San Francisco. Shelley graduated from St. Ignatius College Preparatory in 1973. He received his B.A. in political science from the University of California, Davis. He obtained his J.D. from University of California, Hastings College of the Law. He joined the staff of Congressman Phillip Burton and continued in his position when Sala Burton assumed her husband's seat after his death. Political career In 1990, Shelley was elected to the San Francisco Board of Supervisors. In 1996, he won a seat in the California State Assembly. He wrote clinic protection ordinances and sunshine laws to make government more ...
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Gray Davis
Joseph Graham "Gray" Davis Jr. (born December 26, 1942) is an American attorney and former politician who served as the 37th governor of California from 1999 until he was recalled and removed from office in 2003. He is the second state governor in U.S. history to have been recalled, after Lynn Frazier of North Dakota. A member of the Democratic Party, Davis holds a Bachelor of Arts in history from Stanford University and a Juris Doctor from Columbia Law School. He was awarded a Bronze Star for his service as a captain in the Vietnam War. Prior to serving as governor, Davis was chief of staff to Governor Jerry Brown (1975–1981), a California State Assemblyman (1983–1987), California State Controller (1987–1995) and the 44th lieutenant governor of California (1995–1999). During his time as governor, Davis made education his top priority and California spent eight billion dollars more than was required under Proposition 98 during his first term. In California, under Davis ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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California Secretary Of State
The secretary of state of California is the chief clerk of the U.S. state of California, overseeing a department of 500 people. The Secretary of state (U.S. state government), secretary of state is elected for four year terms, like the state's other List of California state constitutional offices, constitutional officers; the officeholder is restricted by term limits to two terms. The current secretary of state is Shirley Weber, who assumed the role in 2021 after Alex Padilla's appointment to the US Senate. Duties Elections The secretary of state is California's chief elections officer, overseeing all federal and state elections in the state and maintaining a database of registered voters. The officeholder is also responsible for disclosure of campaign and lobbyist financial information, under the California Political Reform Act of 1974. Corporations The Office of the Secretary of State has a number of responsibilities related to corporations; the largest portion office is the ...
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