Connect with us

Hi, what are you looking for?

Universal Financial DomeUniversal Financial Dome

World

Spain announces law on gender parity in politics and business

MADRID — Spanish Prime Minister Pedro Sanchez on Saturday announced a gender equality law that will require more equal representation of women and men in politics, business and other spheres of public life.

The Equal Representation Law will apply gender parity measures to electoral lists, the boards of directors of big companies and governing boards of professional associations.

Mr. Sanchez made the announcement during a Socialist party rally ahead of International Women’s Day on March 8. It will be approved during Tuesday’s cabinet meeting before going for debate in parliament.

He said the government was “not only taking a step in favor of feminism, but in favor of Spanish society as a whole”.

It is the latest in a series of equality measures announced by the leftist coalition government. In December, lawmakers passed a transgender rights bill, as well as a pioneering law covering sexual and reproductive health that, in a first for a European country, offered state-funded paid leave for women who suffer from painful periods.

“If they represent half of society, half of the political and economic power has to be women’s,” Mr. Sanchez said on Saturday.

The Equal Representation law will require women to make up 40% of the management of any listed company with more than 250 workers and an annual turnover of 50 million euros ($53 million).

In politics, the law will require parties to offer equal numbers of male and female candidates during elections, with the aim of increasing gender parity in parliament. At the moment women make up 44% of Congress and 39% of the Senate.

It will also require professional associations to have at least 40% women on their boards, as well as juries for any awards financed with public money. — Reuters

Advertisement

    You May Also Like

    Sports

    Tough start to the week for Charlie Woods, and it had nothing to do with his golf game. While warming up for Friday’s pro-am...

    Sports

    The Buffalo Bills know safety Damar Hamlin, who has recovered from collapsing after a cardiac arrest during a game on Jan. 3, wants to...

    Sports

    The Boston Bruins’ record-setting 65 wins and 135 regular-season points have rolled back to zero. The big number now is 16, the number of...

    World

    WASHINGTON — The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace...

    Disclaimer: UniversalFinancialDome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 UniversalFinancialDome.com | All Rights Reserved