Spanish Organic Law 3/2007 for Effective Equality between Women and Men

This law encourages companies to promote conditions of equality between men and women. Private companies with more than 250 employees and all public companies and public administrations must develop an equality diagnosis and an action plan.

Issuer name

Ministry of the President

Issuer notes

National Goverment

Government ministry

Other

Government ministry notes

General Administration of the State

More information

The Spanish Securities and Exchange Commission’s (CNMV) has also issued a Corporate Governance Code that recommends that listed company boards include women with appropriate business backgrounds when seeking additional directors. Companies that do not follow the recommendation of a corporate board consisting of 40 per cent female positions must provide an explanation.

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

Gender / Equity Action Plan

ESG coverage- S (Social)

Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Ethics & Integrity

Status

Current

Country

Spain

Region

Europe

Date of publication

2007

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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