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On October 26, 2015, Governor Cuomo signed A7641, which changes the effective date prohibiting employees of a not-for-profit corporation from being chairman of the Board of Directors from January 1, 2016 to January 1, 2017. According to the sponsor’s memo for the bill, while “preventing employees of a not for profit corporation from serving as chair of the [board]… is a worthy policy goal, the Legislature requires more time to study the impact of this prohibition on not-for-profit corporations.”