Spain will approve a gender parity law in the management of large companies, which will require 40% of women on the boards of directors. The country’s government intends to approve the corresponding bill on March 7.
The President of the Spanish Government, Pedro Sánchez, has said that the Spanish Government is going to approve a law on gender parity in the management of large companies.
According to the bill, company boards must be made up of 40% women. This applies to organizations with annual revenue of more than $50 million and a staff of at least 250 people. The companies will have to reach the legislative standard by the end of June 2026.
Gender parity will also be introduced in Spanish government ministries and public sector companies. These companies and departments must employ at least 40% and no more than 60% of the same sex.
The current government of Spain is represented in more than half by women. They hold 14 ministerial posts out of the 22 existing. 40% of the seats in the Spanish Senate are occupied by women.
Author:
Kirill Bilyk
Source: RB
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