The directive establishes a series of measures to help achieve these objectives, including adjustments to selection processes at companies that do not meet the objectives and giving priority to the candidate of the underrepresented sex when choosing between equally qualified candidates.
It also stipulates that information on the measures adopted will have to be provided to the competent authorities and published on company websites, including reasons why the objectives were not achieved and the measures the company has taken or intends to take in order to achieve them.
Member States must also establish rules for effective, proportionate and dissuasive penalties.
The directive will enter into force 20 days after its publication and must be transposed no later than December 28, 2024. It will expire on December 31, 2038.