HOUSE BILL No. 1161
DIGEST OF INTRODUCED BILL
Citations Affected: None (noncode).
Synopsis: Study committee on corporate accountability. Creates the
interim study committee on corporate accountability to study issues
related to unreasonable executive compensation prior to or following
Effective: July 1, 2006.
January 9, 2006, read first time and referred to Committee on Commerce, Economic
Development and Small Business.
Second Regular Session 114th General Assembly (2006)
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HOUSE BILL No. 1161
A BILL FOR AN ACT concerning labor and safety.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (06)IN1161.1.1. -->
SECTION 1. [EFFECTIVE JULY 1, 2006] (a) As used in this
SECTION, "committee" refers to the interim study committee on
corporate accountability established by this SECTION.
(b) There is established the interim study committee on
corporate accountability. The committee shall study issues related
to unreasonable executive compensation prior to or following
(c) The committee shall operate under the policies governing
study committees adopted by the legislative council.
(d) The committee consists of eight (8) members as follows:
(1) Two (2) members of the house of representatives
appointed by the speaker of the house of representatives. The
members appointed under this subdivision may not be
members of the same political party.
(2) Two (2) members of the senate appointed by the president
pro tempore of the senate. The members appointed under this
subdivision may not be members of the same political party.
(3) Two (2) members appointed by the governor who are
representatives of business and labor.
(4) The executive director of the prosecuting attorneys council
of Indiana or the executive director's designee.
(5) The executive director of the public defender council of
Indiana or the executive director's designee.
(e) The chairman of the legislative council shall appoint a
chairperson of the committee from one of the legislative members
of the committee.
(f) The affirmative votes of a majority of the members
appointed to the committee are required for the committee to take
action on any measure, including final reports.
(g) This SECTION expires January 1, 2007.