HE government gives two more years By the middle of 2026, so small listed to reach 40% women in them boards of directors and senior executive positions. This was reported on Tuesday by the third vice-president and Minister of Economy Nadia Calviño at a press conference after the Cabinet, which was given the green light in the second round of the draft parity law they wish to enter into force. this year. This SMEs are exempt from this rule.
The norm, approved in the first round in March, all listed companies they had to reach that rate Before 30 June 2024. But now the government is gradual calendar, By forcing 40% of women from 30 June 2024 to reach only Mountain goat 35. By the way, listed companies with market capitalization more than 500 million euros It will have until June 30, 2025, and low-capital companies, Until 30 June 2026.
This large companies that are not listed on the stock exchange With more than 250 employees and a turnover of more than 50 million Euros or assets of more than 43 million Euros (public benefit companies), until now reference date 2026without any distinction. But now they’re split into two dates: they need to hit the 33% target by June 30, 2026, and by June 30, The 2028 target is 40%. For Boards of professional associations or general advice set as reference on 30 June 2026.
In any case, it was found that no gender could be less than 40% represented. nor more than 60%from here There cannot be all-female boards of directors either.
released by the National Securities Market Commission (CNMV) on Tuesday. presence of women on boards of directors The share of listed companies in Spain is 32%, following the recommendation of the Good Governance Act, which supports women to reach 40% of the positions on the boards since 2020. In the particular case of Ibex, the rate 37.56%, but this rate drops to 32.23% for companies with a capital of more than 500 million, and to 26.22% for other publicly traded companies. in case of high direction In the absence of any direction from the auditor (except for senior board directors), women on average represent the board. 21.73% of total positions.
sanction regime
In the case of chewingThe sanctions regime, approved in March, continues. tighter in the case of boards of directorsif for management positions ‘only’ requires the company to explain why it is not complying with the standard and describe those measures to achieve this minimum percentage. memory yearly. In the case of listed companies were established as a serious violation non-compliance with these provisions, according to the statement sent by Ministry of Economy.
“We are taking an important step to reach” effective parity without it for make disproportionate demands about big companies. And without creating these requirements for small businesses to have proportional regime and thus reaching the targets without having a negative impact on the functioning of our companies, economy‘ said Calvino.
Public administration
In the public sphere, besides the Government, the 40% target will also apply to appointments to constitutionally and institutionally relevant bodies (Constitutional Court, Council of State, Court of Accounts, Finance Board and General Council of the Judiciary) when the law comes into force. And, in the case of the General State Administration and the state corporate public sector, five years later, it has to implement it immediately after approval, except for the top and management bodies and awarding bodies. In the positions of the military career The practice, which is appointed by the Council of Ministers (Lieutenant General, Chiefs of Staff, etc.), requires developing legislation.