Compliance with the requirement for gender balance on the management bodies of issuers of shares

The Securities Market Act requires issuers of shares to inform Finantsinspektsioon about the gender balance of their management bodies. Finantsinspektsioon lists the issuers of shares on its website under the gender balance of their bodies by noting whether they have complied with the requirement set in § 1356(1) of the Securities Market Act. The general meeting of shareholders of the issuer of shares sets one of the following goals that the issuer must achieve:

1. the proportion of members of the under-represented sex on the supervisory board is at least 40 per cent;
2. the proportion of members of the under-represented sex on the management board and the supervisory board is at least 33 per cent or the general meeting has set an individual quantitative objective for improving the gender balance of the management board.