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2 clusters · 5 sources · 22 days · First seen · Last updated

Bulgarian gender quota legislation for public companies

Overview

The Bulgarian National Assembly has passed amendments to gender equality legislation to mandate representation on corporate boards. The law requires that at least 33% of director positions on the management and supervisory boards of large public companies be held by the underrepresented gender.

To implement these changes, companies must submit corporate governance declarations regarding the gender composition of their governing bodies. The Financial Supervision Commission is tasked with publishing a list of companies that meet these targets by June 30, 2027. The legislation specifies that when candidates possess equal qualifications and professional results, preference must be given to the underrepresented gender.

Exemptions are provided for micro, small, and medium-sized enterprises. Failure to comply with the new regulations or provide accurate information may result in financial sanctions ranging from 2,000 to 20,000 euros.

Entities

Financial Supervision Commission · European Union · Bulgarian Parliament · National Assembly of Bulgaria · European Commission

Timeline

  1. about 20 hours ago

    [BUSINESS] 2 sources
    Bulgaria mandates 33% gender representation on public company boards

    Bulgaria has passed laws requiring large public companies to ensure at least 33% representation of the underrepresented gender on their boards, with fines for non-compliance up to 20,000 euros.

  2. 22 days ago

    [POLITICS] 3 sources
    Bulgarian Parliament passes gender quota law for public company boards

    Bulgarian deputies passed amendments requiring public companies to ensure at least 33% representation of the underrepresented gender on boards to comply with EU directives.

Sources

breaking.bg · podtepeto.com · ruse.news · safenews.bg · standartnews.com