Gender balance within management bodies
The provisions aimed at achieving a balanced gender representation among senior company executives, introduced by the law of 24 December 2021 to speed up economic and professional equality (the so-called ‘Rixain law’) entered into force on 1 March 2022 and are set out in a circular issued by the Ministry of Employment.
Now that this law has been passed, companies with at least 1,000 employees are required to publish an annual statement showing any differences in gender representation, both among senior executives and company directors. They are also required to publish these differences on the Ministry of Employment’s website.
Moreover, from 1 March 2026 onwards, the proportion of men or women making up each of these groups must not fall below the threshold of 30%.
(Article published in IR Notes 187 – 1st June 2022)
