It will only affect large companies from June 2026
The negotiators of the European Parliament and the Twenty-seven reached an agreement on Tuesday to set a quota of at least 40% women in the management positions of major European companies by the end of June 2026.
The directive will create an open and transparent procedure so that the non-executive boards of community companies have at least 40% women by June 2026. In this sense, there will be binding measures to achieve this objective.
Member States that approve quotas for both executive and non-executive councils, the minimum attendance of women will be 33%. In addition, countries will have to create a penalty system that will penalize companies that do not meet these quotas.
The President of the European Commission, Ursula von der Leyen, celebrated this agreement on her Twitter account on the social network and thanked everyone who made it possible. “It’s a great day for women in Europe. It is also a great day for companies. Because more diversity means more growth, more innovation”, emphasizes the head of the Community Executive.
The provisional agreement, announced by the French EU presidency, still needs to be approved by the plenary session of the European Parliament and the Council to be final. In 2020, almost a decade after an initial attempt, Brussels withdrew the proposal from the podium of José Manuel Duro Barroso at the head of the European Commission, attempting to set a 40% quota for female presence in non-executive positions on the boards of directors of listed companies. The initiative was subsequently blocked by Member States’ refusal to legislate to this effect.
Source: La Verdad
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