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Gender Equality Act for Women and Men on the Supervisory Board
Literature Item
Author Information:
Name: Gender Equality Act for Women and Men on Supervisory Boards Republic of Austria
Email: None
Website: https://www.ris.bka.gv.at/
Abstract:
In Austria women are still underrepresented in leadership positions compared to their share of the population. Thus, equal representation of women and men in management and decision-making positions in all areas of society – including politics, business, and science – is the long-term goal. An important step to achieve balanced and equal representation of women and men in economic leadership positions in the private sector was the Act on Equality between Women and Men in Supervisory Boards (GFMA-G). The law was adopted in June 2017 to raise the share of women in leadership positions. Since 1 January 2018, the supervisory boards of publicly traded companies and companies with more than 1,000 employees must consist of at least 30% women and 30% men. If the required quota of female members of the supervisory board is not reached, the respective appointment becomes invalid due to the infringement of the gender quota.
Keywords:
women leadership, top positions, women in decision-making
Dates:
July 26, 2017 - None
Source Specificity:
Public Policy Document
Website:
https://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2017_I_104/BGBLA_2017_I_104.html
Power Domains:
Economic
Methods Tools:
Awareness-raising, Self-regulation
Country:
AT
City:
None
Implementation Scale:
national
Language:
German
Other Links:
https://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2017_I_104/BGBLA_2017_I_104.html
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