The Limited Times

Now you can see non-English news...

Require new companies to have gender parity on their boards

2020-08-05T17:19:25.383Z


It was published today in the Official Gazette. And it covers companies, civil and private associations and all state companies. Consider exceptions without establishing which ones. And it threatens to resort to INADI.


08/05/2020 - 13:39

  • Clarín.com
  • Economy
  • Economy

Without making waves, the General Inspectorate of Justice published this Wednesday in the Official Gazette a resolution that will impact corporate governance. Thus he points out that new companies or associations must have female members on their board in a relationship of parity with male members.

The IGJ establishes it for civil associations in the process of constitution; the simple associations that request their inscription in the voluntary registry; the corporations that are incorporated, the foundations with a board of directors of temporary and elective integration and the State Companies. Inclusion should be in its administrative or supervisory body.

In the Official Gazette it is expressed in this way: there must be “a composition that respects gender diversity, establishing a composition of the referred bodies that is made up of the same number of female members as male members . When the number of members to be covered is an odd number, the body must be integrated in a mixed way, with a minimum of one third of female members ”.

It also points out that it is applied after the publication of the rule, which would not correspond to companies that are already registered with the IGJ. Of course, the new norm will put pressure on societies that are already constituted to integrate women into their governing bodies.

In one of the articles, the IGJ clarifies that it may, “through the issuance of well-founded resolutions and upon express request in this regard, exempt from the provisions in full, partial, transitory or definitive form, the legal person that so requires , founded this only by virtue of singular, extraordinary, understandable and objective circumstances, derived from its constitutive antecedents and / or type of conformation and / or from the social activity tending to the achievement of its object ”.

The organism, directed by Ricardo Nissen, warns that "it will examine opportunely the internal regulations of the civil associations in order to the existence or not in them of provisions that admit or make possible arbitrary discriminations ". And that in case of finding them, it will inform INADI and the Ministry of Women.

Source: clarin

All business articles on 2020-08-05

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.