Sustineri Partners will launch a new regional initiative in Porto Montenegro as an umbrella association for gender equality at decision-making level aligned with the EU Women on Boards directive. We will work with businesses and governments to promote greater gender diversity in Boards and Executive Committees of public-interest companies in the Adria region.
Women on Boards Adria (WBA) initiative will focus on following types of action:
Research
Analyse the impact of gender diversity on business performance and monitor the state of gender diversity at decision-making level in the Adria region.
Capacity Building
Provide training to businesses and individuals designed to accommodate higher representation of women on board and executive positions.
Leadership Network
Build a talent pool of women leaders from the Adria region and empower them for the next steps in their careers through training and mentoring.
Policy advocacy
Work with national governments and gender associations in the Adria region to address the market failure reflected in underrepresentation of women at decision-making level.
European Women on Boards Directive
Research shows that boards with greater diversity are more effective. Diversity, including gender balance, drives innovation and higher effectiveness by exploring different approaches to problem solving. This results in stronger financial performance.
On 22nd November 2022, the European Parliament gave its final approval on the EU rules to promote a more balanced gender representation on the boards of listed companies. The EU "Women on Boards" Directive paves the way for greater gender parity in senior leadership and top management positions.
The core of the Directive stipulates that listed companies which do not achieve the objectives will need to adjust their selection process. They will have to put in place fair and transparent selection and appointment procedures, based on a comparative assessment of the different candidates on the basis of clear and neutrally formulated criteria. When companies have to choose between equally qualified candidates, they should give priority to the candidate of the underrepresented sex.
On 22nd November 2022, the European Parliament gave its final approval on the EU rules to promote a more balanced gender representation on the boards of listed companies. The EU "Women on Boards" Directive paves the way for greater gender parity in senior leadership and top management positions.
The core of the Directive stipulates that listed companies which do not achieve the objectives will need to adjust their selection process. They will have to put in place fair and transparent selection and appointment procedures, based on a comparative assessment of the different candidates on the basis of clear and neutrally formulated criteria. When companies have to choose between equally qualified candidates, they should give priority to the candidate of the underrepresented sex.
40%
Minimum share of non-executive director positions in listed EU companies held by women by 2026
