PEO Versus PPB

California's female and underrepresented community board quota statutes apply to publicly held corporations having their principal executive offices in California "according to the corporation's SEC 10-K form".  Cal. Corp. Code §§ 301.3(a) & 301.4(a).  These requirements have caused many publicly traded corporations to take a look at the location of their principal executive office.   The location of a corporation's principal executive office has significance beyond board quota requirements.  

 Numerous provisions of the GCL establish venue based on the location of the corporation's PEO, including the following:

• Section 305(c) (order for a special meeting of shareholders to elect entire board);