It will affect only large companies from June 2026
The negotiators of the European Parliament and of the Twenty-seven reached an agreement on Tuesday to set a quota of at least 40% of women in the management positions of large 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 boards, the minimum presence of women will be 33%. In addition, countries will have to create a penalty system that is punitive with companies that do not meet these quotas.
The President of the European Commission, Ursula von der Leyen, celebrated this agreement on her Twitter social network account and expressed her gratitude to all those who have made it possible. “It is a great day for women in Europe. It is also a great day for companies. Because more diversity means more growth, more innovation”, stressed the head of the Community Executive.
The provisional agreement, announced by the French presidency of the EU, will still need the approval of the plenary session of the European Parliament and the Council to be definitive. In 2020, almost a decade after a first attempt, Brussels recovered the proposal from the stage of José Manuel Duro Barroso at the head of the European Commission, with which an attempt was made to set a 40% quota for female presence in non-executive positions in the boards of directors of listed companies. The initiative was then blocked by the refusal of the Member States to legislate in this sense.