A big step forward for women's leadership in Morocco
On July 31, 2021, the Moroccan Parliament adopted a reform that did not receive much attention but did represent a big step forward in helping close the country's gender gap. It involved a new amended law on public limited companies to promote balanced representation of women and men in corporate governance bodies (law 19.20 modifying and completing law 17-95 related to public limited companies). It set mandatory quotas for women on the boards of publicly traded companies, with a target of (at least) 30% female representation by 2024, and 40% by 2027.
On July 31, 2021, the Moroccan Parliament adopted a reform that did not receive much attention but did represent a big step forward in helping close the country's gender gap. It involved a new amended law on public limited companies to promote balanced representation of women and men in corporate governance bodies (law 19.20 modifying and completing law 17-95 related to public limited companies). It set mandatory quotas for women on the boards of publicly traded companies, with a target of (at least) 30% female representation by 2024, and 40% by 2027.