on 14 March, the Council adopted its position in favour of the proposal for a directive on improving the gender balance among non-executive directors of companies listed on stock exchanges and related measures.
The law foresees that companies would have to take steps to reach the minimum target by 2027 which can be done by either reaching a figure of 40% women among their non-executive directors or of 33% women on their company’s board. If these targets are not met, a company would have to apply clear, unambiguous and neutrally formulated criteria when appointing or electing directors.
More information can be found in the Council's press release here.
The proposal can be found here.