On 28 September 2021, the Dutch Senate will vote on a new bill introducing a "one-third" diversity quota for supervisory boards of Dutch Amsterdam-listed companies and requiring "large" listed and non-listed Dutch NVs and BVs to set gender balance targets for the board and senior management levels. As several political parties have criticised the proposed legislation, the outcome of the vote is uncertain. If the bill is adopted, the government wants the new rules to take effect on 1 January 2022.
Please check our website for the latest developments. The Senate's agenda may still change and the vote could be postponed. To read more about the bill, see our previous article. If you have any questions, please reach out to your De Brauw client team or one of our corporate advisory experts.