Changes in the management and supervisory boards of around 200 companies listed on the Stock Exchange will be forced by an EU directive on improving gender balance among directors of listed companies. The Ministry of Justice has published a draft law that incorporates these principles.
The directive sets out the obligation to ensure gender balance in decision-making by management and supervisory boards. The changes will only apply to listed companies that have at least 250 employees and meet one of the financial thresholds – they have an annual turnover exceeding EUR 50 million or an annual balance sheet total exceeding EUR 43 million.
