This provision is included in the draft law, which was approved by the government, sending it to the Parliament. It concerns the adoption of an amendment to the Law on Joint Stock Companies, which stipulates that JSCs represented on the regulated market must ensure compliance with gender balance requirements in their management bodies by January 1, 2028.
The document was elaborated in order to harmonize the Moldovan legislation with the EU norms. It envisages the implementation of Directive (EU) 2022/2381 on strengthening gender balance among managers of listed companies.
The new provisions will apply to JSCs traded on the regulated market in Moldova and/or in an EU Member State headquartered in the Republic of Moldova. They will ensure a balanced representation of women and men on the boards of directors and executive bodies of JSCs.
To this end, the selection and election of candidates for the positions of executive directors and members of the Board of Directors will take into account gender balance.
Companies whose shares are admitted to trading on a regulated market must approve this decision by January 1, 2027. As well as prepare internal rules and procedures necessary to achieve the goals of gender balance in management bodies.
