New Greek law on gender balance in the composition of management boards

On 17-7-2020 a new law on corporate management was published at the Government Gazette (Law 4706/2020, Nr of the Gazette 136/A/17-7-2020). Special provision has been taken in favour of women’s participation in economic decision making. More specifically:

On article 3 it is clearly stated that the composition of the management board of all companies registered at the Athens Stock Exchange must take the issue of gender balance into consideration through the adoption of 25% for the under-represented sex.

So, Greece is included among the EU Member States which follow the path of the positive measure of quota aiming at the increase of female participation in economic decision making. It has to be underlined that during the recent Hellenic Presidency of the Council of the European Union (January-June 2014), our governmental organization in charge of equality between women and men promoted the European Commission’s Directive Proposal on gender balance in the composition of management boards despite the strong opposition by a minority of Member States.