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Corporate Governance Code
Best Practice
Promoter Information:
Name: Austrian Working Group for Corporate Governance
Email: michael.eberhartinger@wko.at
Website: https://www.corporate-governance.at/
Abstract:
In addition to the Austrian Gender Diversity Laws, the Austria’s Code of Corporate Governance takes care of gender equality issues. It is published by the Austrian Working Group for Corporate Governance and is mandatory for companies listed on the Prime Market of the Vienna Stock Exchange. it provides that, when new board members are appointed, “reasonable attention is to be given to the aspect of diversity of the supervisory board with respect to the representation of both genders…" The Code also requires transparency measures in company annual reports, including information on the gender compositions of the supervisory boards and management positions, as well as “measures taken to promote women to the management board, supervisory board and to management positions in the company during the reporting year.”
Keywords:
gender composition, advisory boards, equal representation
Dates:
Jan. 1, 2015 - None
Source Specificity:
Initiative/Practice/Project/Programme/Case Studies
Website:
https://sites.paulhastings.com/Microsites/genderparity/countries/austria.html
Power Domains:
Economic
Methods Tools:
Awareness-raising, Self-regulation
Country:
AT
City:
Viena
Implementation Scale:
national
Language:
English, German
Other Links:
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