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For the First Time, a Country Will Require that At least 40 percent of Companies’ Boards of Directors be Women

Norway has brought a bill to parliament, which will be the first in the world if it comes into force. According to the regulation, at least 40 percent of the boards of directors of medium and large companies in the country will have to be women.
 For the First Time, a Country Will Require that At least 40 percent of Companies’ Boards of Directors be Women
READING NOW For the First Time, a Country Will Require that At least 40 percent of Companies’ Boards of Directors be Women

Norway, one of the leading countries in Europe, has brought a new bill to the parliament that is likely to spread all over the world. If the proposal becomes law, at least 40 percent of the boards of directors of companies operating in the country will be made up of women. If this bill is enacted, it will directly affect the place of women in business life, as well as being the first in the world.

According to the draft law that Norway is working on, 8 thousand companies next year and 20,000 companies with more than 30 employees by 2028 will have to make up at least 40 percent of the board of directors from women. Meanwhile; According to the executives who brought the bill to the agenda, the rate of women in senior positions has increased from 15 percent to 20 percent in the last 20 years. With the law, there will be a very serious acceleration in this field.

The European Union is already implementing a similar decision.

Although the draft law that Norway is discussing is the first in the world, there are actually similar regulations. For example, according to a law in the European Union, up to 33 percent of all managers in companies must be women. However, according to the same law, 40 percent of non-executive directors must be women. Norway, which is not a member of the European Union, will even be ahead of the union with the said bill.

Meanwhile; It is said that the bill that has come to the parliament will pass the vote and will enter into force according to the result. Making a statement on the subject, Norwegian Industry Minister Jan Christian Vestre said, “We aim to be creative with all the forces of society.” used the phrases. Vestre also emphasized that the draft law will be a first in the world.

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