StateImpact Oklahoma
12:01 pm
Wed March 6, 2013

First Bill Signed Into Law in 2013 Undoes a Law Chesapeake Energy Helped Write

Gov. Mary Fallin at her state of the state address in 2013.
Credit Joe Wertz / StateImpact Oklahoma

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.

Read the full story at StateImpact Oklahoma