The government approved, at a Council of Ministers meeting, the bill on the governance of listed companies. It provides for the obligation for these undertakings to set objectives to achieve balanced gender representation on their managing bodies, currently largely dominated by men.
Businesses to set out their path towards equality. No fixed quotas, no sanctions against violators. The text approved on Friday, May 23 by the Council of Ministers asks businesses that they set out their path towards equality in decision-making positions alone. This is what explained Luis de Guindos, Minister for Economic Affairs, when presenting the bill on the governance of quoted companies. He said, “The Remuneration and Appointment Committee will set out a representation objective for t
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