Law to guarantee women a minimum representation percentage in the board of directors
The law on quota of women in the board of directors has been adopted. At least one third of the board of directors must be of the opposite gender. The required minimum number is rounded off to the nearest whole number.
The law also contains sanctions which apply to members of the board of directors and newly appointed members respectively.
Companies must also provide an overview in the annual report of efforts made to ensure that at least one third of the members of the board are of the opposite gender.