Legal & Regulatory News

Government of Netherlands introduces new diversity quota for Dutch listed companies

29 September 2021

On 29 September 2021, the Government of Netherlands published new legislation to improve diversity on the Supervisory Boards of Dutch listed companies.

The new legislation contains two measures to promote more diversity in the boardrooms of Dutch companies. First, an appointment quota for the Supervisory Boards of listed companies, to help ensure that men and women each hold at least one third of the seats on the Supervisory Board. This quota will apply to all new appointments of Supervisory Board members. Second, it will become mandatory for large public and private limited liability companies to set appropriate and ambitious target ratios to improve the gender diversity on their boards and among their senior management personnel. The companies will be required to report annually on their progress.

Click here to access the new legislation (Dutch only).

Click here to access the press release (Dutch only).

Click here to access the press release (English only).