3.3.2 Gender provision in the Code

The DCGC has had provisions in place concerning ‘gender diversity’ since 2008.1 The most recent version of the DGCG, the revised DCGC of 2016, prescribes that the supervisory board has to draw up a diversity policy that includes specific gender diversity targets for the composition of the management board, supervisory board and executive committee.2 In the corporate governance statement of the annual report the company must disclose information concerning its diversity policy objectives, the implementation of the policy and the results of that policy. If the diversity targets set by the company, or specific diversity targets (percentages) applicable by virtue of the law3 are not met, the company has to explain in its corporate governance statement what the current state of play is and what measures have been or will be taken to achieve the target in the future.4