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

Mar 6, 2013

Gov. Mary Fallin prepares to deliver her 2013 State of the State address, flanked by Lt. Gov. Todd Lamb, and House Speaker T.W. Shannon.
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