Document 210 - Amendment to the Capital Market Undertakings Act – EU – RJ

Scope: pages 1–2.

The Constitutional and Legal Affairs Committee recommends that the Chamber of Deputies approve the government’s proposal to promote balanced representation of women and men in the governing bodies of certain issuers. The Committee also authorizes its Chairwoman to submit the resolution to the Chamber and the rapporteur to submit a report on the deliberations regarding the proposal. The resolution itself does not alter the content of the proposed legislation nor does it impose any new obligations.

Scope: Part One; Section 134l; pages 1–2.

The proposed amendments clarify the transitional rules for members of governing bodies who were in office when the Act took effect, as well as for candidate selection processes that have already begun. They also modify the targets for balanced representation: at least 40% of non-executive members or 33% of all members elected by the general meeting or the supervisory board must be of the underrepresented gender. No motion to reject the Act was filed.

Scope: Section 95; pages 1–4.

The Constitutional and Legal Affairs Committee recommends that the Chamber of Deputies approve, in the third reading, the government’s bill on more balanced representation of women and men in the management of certain issuers. The Committee determined the order of voting: first, any amendments proposed during the third reading; then, the two submitted proposals; and finally, the bill as a whole. The committee did not adopt a position on either proposal and authorized the rapporteurs to make any necessary legislative amendments and to present the committee’s position in the Chamber of Deputies.