First Bill Signed Into Law in 2013 Undoes a Law Chesapeake Energy Helped Write
Chesapeake Energy has been pushing for a new law to undo a previous law the company helped write.
On Tuesday, the new law was signed by Gov. Mary Fallin — the first bill signed by the Governor during the 2013 legislative session.
House Bill 1646, authored by Rep. Fred Jordan, R-Jenks, reverses 2010 legislation that mandated staggered elections of directors of certain public corporations. Chesapeake helped write the 2010 law, which required a style of corporate governance that guarded against boardroom takeovers.