Adoption of the Women on Boards Directive

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Following an initial proposal on gender balance on company boards submitted by the European Commission ten years ago and numerous positions by EU institutions setting gender equality as a priority within the Union expressed since then, Directive 2022/2381 on improving the gender balance among directors of listed companies and related measures was adopted on 23 November 2022 (“Directive“).

Scope & objective The Directive will not apply to micro, small and medium-sized enterprises (SMEs) but only to listed companies considering their particular economic importance, visibility and impact on the market. Through the increased representation of women among the directors of listed companies, the Directive aims to improve gender balance in their decision-making process while allowing listed companies sufficient time to…

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