Netherlands

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 (i.e. large NVs and BVs) 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.