People are one of the supporting pillars in the economic transformation on the road to sustainability. If companies are able to perceive the desires and needs of their employees, and give them space to utilize and develop their talents, they will create the values of an inclusive culture and achieve sustainable growth. Today, the need for diversity, equality, and their inclusion in the culture of society, at the national and corporate level, are stronger than ever.
PwC’s study Women in Work Index (2022) compares the economic and social position of women across the OECD and states that increasing female employment across the OECD could increase the GDP in the 33 OECD countries by USD 6 trillion a year.
How will the EU Directive on improving gender balance affect your company?
Since its inception, the EU has supported gender equality and adopted legislation and recommendations for EU member states. On 23 November 2022, the European Parliament passed a directive intended to ensure higher representation of women among company directors listed on the European stock exchanges.
Gender equality rules for executive staff:
Members of the underrepresented sex (usually women) to hold at least 40% of non-executive director positions or at least 33% of all director positions, including executive and non-executive directors;
Applicable to companies with more than 250 employees;
Companies must comply by July 2026.
How can we assist your company?
When selecting employees, the key conditions include professional skills and experience along with a balanced combination of personal qualities needed for a given position.
We will be pleased to be your partner when analysing and setting up gender equality at your firm.
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