SPRINGFIELD – Only about 18 percent of Illinois companies have women on their corporate boards, despite a recent study by the Credit Suisse Report that shows that companies with women on their boards tend to be less risk-averse and have higher income growth.
State Senator Laura Murphy is authoring Senate Resolution 140, which encourages more equitable and diverse gender representation on corporate boards and urges corporations in Illinois to increase the number of women on their boards.
Senator Andy Manar, a Bunker Hill Democrat and chairman of a key Senate budget committee, explains the status of budget negotiations at the Capitol, including prospects for the Senate’s so-called “grand bargain,” the Rauner administration's reluctance to suggest cuts and examples of apparent mismanagement of the state by the governor.
SPRINGFIELD – To ensure that employees can observe their religious traditions without fear, State Sen. Jacqueline Collins has put forth a proposal prohibiting employers from discriminatory actions toward workers who wear religiously observant clothing or hair styles.
“In a letter to a synagogue, President George Washington once wrote of the new government he had fought to form that it ‘gives to bigotry no sanction, to persecution no assistance,’” said Collins, D-Chicago. “This legislation is intended to show clearly that Illinois is a state that will protect its citizens. As our Jewish community faces an unprecedented wave of threats and our Muslim community is openly antagonized by the White House, protecting the right to worship is more important now than ever.”
The legislation would specifically disallow employers from taking disciplinary measures against employees for wearing their hair or clothing in ways that are in keeping with a religiously observant lifestyle.
Senate Bill 1697 passed out of the Senate Labor Committee this week and is scheduled to be considered by the full Senate.
SPRINGFIELD – On Thursday, Senator Bill Cunningham and officials from the University of Illinois announced a new financial aid program that will be a part of the larger University of Illinois “Investment, Performance, and Accountability Commitment.” The goal of the commitment is to set a tuition cap and increase access to the University of Illinois for Illinois students.
“This new program continues to drive home the fact that universities like the U of I system should be finding ways to bring real results for Illinois taxpayers,” Cunningham said. “This legislation is a step in the right direction to ensure taxpayer money being spent is doing what it is supposed to be doing, helping Illinois.”
The legislation, Senate Bill 222, would guarantee a minimum level of funding for the University of Illinois system in return for the system meeting certain benchmarks including a tuition cap and increased access for Illinois students. The forthcoming amendment looks to help U of I achieve the goals set. If the university system were to fail their expectations the state could withhold a portion of the guaranteed funding.
“This legislation could be a template for other universities throughout the state,” Cunningham said. “It provides stability in university planning and gives the Illinois taxpayers tangible results on how that money is being spent.”
Senate Bill 222 is currently under consideration by the Senate’s Higher Education committee.