Spain approves draft law for gender quotas in business and politics

Article here. Excerpt:

'The draft law requires political parties to field an equal number of male and female candidates during elections, whether national or municipal. Women now make up 43% of Spain’s congress and 40% of its senate.

Parties that lead central government will have to appoint a cabinet that includes at least 40% of each gender. The Socialist-led government counts 14 women among its 23 cabinet ministers, slightly more than 60%.

Publicly listed companies will have until mid-2024 to ensure corporate boards include at least 40% of the “underrepresented sex”, said Calviño. Companies with more than 250 workers and annual turnover that exceeds €50m will have until 2026 to do the same.'