The Lithuanian parliament on Thursday passed the law requiring that by July 2026, at least one-third of leadership positions in publicly listed companies be held by women.
The amendments to the Law on Equal Opportunities for Women and Men passed with 67 MPs voting in favour, nine abstaining, and no votes against.
Listed companies and other major businesses will have to ensure that women hold no less than 33 percent of top executive, management board, and supervisory board positions by July 2026.
Additionally, when two candidates of different sexes are equally qualified, preference will be given to the candidate of the underrepresented sex.
The Social Security and Labour Ministry says the amendments are aimed at transposing the EU’s directive on gender balance on corporate boards into national law.
Lithuania has around 30 large listed companies and about 540 other large companies, including state-owned and municipal enterprises.
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