On February 21, 2026, the Massachusetts legislature passed a comprehensive corporate law reform bill aimed at increasing transparency and accountability in the state's businesses. The bill, which was introduced earlier this year, garnered bipartisan support and is expected to have a significant impact on how corporations operate in the state.One of the key provisions of the bill is the requirement for corporations to disclose more information about their ownership structure and financial dealings. This increased transparency is aimed at preventing illegal activities such as money laundering and tax evasion, which have become a growing concern in recent years.In addition to the transparency measures, the reform bill also includes new regulations for corporate governance. Under the new law, boards of directors will be required to have a certain number of independent directors to ensure that decisions are made in the best interest of shareholders rather than executives or other insiders. This change is expected to help prevent conflicts of interest and improve overall corporate governance.Another important aspect of the reform bill is the provision for increased shareholder rights. Shareholders will now have more power to hold corporations accountable for their actions through measures such as increased voting rights and the ability to propose resolutions at annual meetings. This change is expected to empower shareholders and make corporations more responsive to their concerns.Overall, the passage of this corporate law reform bill represents a major step forward for Massachusetts in ensuring that businesses operate ethically and responsibly. The new regulations will help protect investors, consumers, and the public while promoting a more transparent and accountable corporate environment. It is expected that the reforms will have a positive impact on the state's economy and reputation as a hub for business and innovation.