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RIVERSIDE TRANSIT AGENCY 1825 Third Street Riverside, CA 92507 April 23, 2009, TO: BOARD OF DIRECTORS Through: Larry Rubio, Chief Executive Officer FROM: Mark Stanley, Director of Planning SUBJECT:
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Start by identifying the purpose of the AB 774 resolution. This resolution pertains to a specific issue or topic that requires attention or action.
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AB 774 resolution is a state legislation in California that requires certain businesses to report detailed information about their board of directors.
Publicly held corporations in California with principal executive offices in the state are required to file AB 774 resolution.
AB 774 resolution can be filled out online through the Secretary of State's website by providing the required information about the company's board of directors.
The purpose of AB 774 resolution is to increase transparency and diversity on corporate boards by requiring reporting on the composition of those boards.
AB 774 resolution requires information such as the number of women and individuals from underrepresented communities on the board, as well as the number of total board members.
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