Women-Owned Business Enterprise Loses "WBE" Certification Where Brothers Perform Important Functions Of The Business
GDB Firm Blog
DECEMBER 3, 2018
Contractors beware. It may not be sufficient for a woman to hold more than 50% of the shares of a company and be Chief Executive Officer of a Women-Owned Business Enterprise. An appellate court ruled that the NYS Department of Economic Development acted rationally in refusing to renew the certification of a WBE where the CEO—still active in the company--nevertheless delegated significant responsibilities to her brothers in this family-owned business.
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