Gender Balance Directive for corporate boards entered into application at the end of 2024

Article summary

Member States were required to transpose Directive(EU) 2022/2381 (Gender Balance on Corporate Boards Directive) into national law by 28 December 2024. The Directive sets targets for EU large listed companies to achieve 40% representation of the underrepresented sex among non-executive directors and 33% among all directors by 30 June 2026. The legislation introduces binding measures for selection procedures, including a preference rule for equally qualified candidates of the underrepresented sex. The Commission will monitor compliance and may initiate infringement proceedings against Member States failing to properly transpose or implement the Directive.