Watch: The EU approved the 'Women on Boards' law after being proposed a decade ago. It means as of mid-2023, women must make up at least 40% of non-executive board members at large companies in the European Union
The 'Women on Boards' law, given the green light by the European Parliament after it was first proposed a decade ago, also requires that at least a third of all company directors are women.
"There are plenty of women qualified for top jobs and with our new European law, we will make sure that they have a real chance to get them." Listed companies will have to report annually on gender representation on their boards. If they fall short of the targets, they will have to explain how they plan to meet them.
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