Women's quota on supervisory boards: a milestone for Austria's economy!

Women's quota on supervisory boards: a milestone for Austria's economy!

Laimgrubengasse 10, 1060 Wien, Österreich - A decisive progress towards equality in corporate management was announced in Austria today. The new law of law of Justice Minister Alma Zadic provides for mandatory women's quotas in supervisory boards and board members of listed companies. "We are on the way to the elimination of structural inequality, we create opportunities for advancement for women and raise the full potential of highly qualified work and specialists for companies," explains Elisabeth Götze, business spokeswoman for the Greens, in a current report by APA OTS . The legal changes are based on the Women-on-on-Boards guideline introduced by the EU, which provides for a 40 percent rate for the underrepresented gender in supervisory boards.

This concise step towards equality ensures clear guidelines: from three people on the board, a person of the underrepresented gender must be represented. If companies do not adhere to the quota of 40 percent on the supervisory board, the principle of the "empty armchair"-a line-up with a man would then be vacant, and the place remains vacant, as the Salzburg 24 . "The proportion of women in management positions is still far too low in 2025, although there are many highly qualified women in the company," Zadic continues to criticize the grievances on the labor market.

The way to change

As another element, the draft law is summarized under the title "Social Legal Board Positioning Act", and if the quota is not complied with, the entry in the commercial register is refused. This shows the determination of the Austrian government to seriously promote equality and to anchor structurally. Götze also emphasizes that various management teams contribute significantly to the economic success: "Studies show that mixed management teams have a positive effect on sales, profit and crisis resistance of companies."