Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 JANUARY 2025

Women On Boards: The Countdown Has Begun

Arendt & Medernach
Arendt & Medernach
Contributor
Arendt & Medernach

Arendt & Medernach

About Arendt - your legal, tax and business services firm in Luxembourg Arendt combines the entire...

View firm profile
Explore more from Arendt & Medernach

With the deadline for national implementation set at 28 December 2024, listed companies have until 30 June 2026 to achieve the quotas set by the EU Women on Boards Directive.

LuxembourgCorporate/Commercial Law
Raphaëlle Carpentier
Raphaëlle Carpentier
Author LinkedIn connections

With the deadline for national implementation set at 28 December 2024, listed companies have until 30 June 2026 to achieve the quotas set by the EU Women on Boards Directive.

Directive (EU) 2022/23811 (Directive), known as Women on Boards, has officially entered into force, given that the Member States had until 28 December 2024 to implement it into national law.

The Luxembourg legislator has not yet implemented the Directive. Nevertheless, listed companies will have to reach the quotas set by the Directive by 30 June 2026, which is an opportunity to reassess the various obligations stemming from this Directive.

Objective of the Directive

The Directive aims to increase the representation of women on the management boards of listed companies2 in the EU that have more than 250 employees, achieve an annual turnover of more than EUR 50 million or have a balance sheet exceeding EUR 43 million.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

New Guidance Issued By The Luxembourg Business Registers On Beneficial Ownership Registration

The Luxembourg Business Registers has issued new guidance requiring entities held by fiducies, trusts, or foundations to look through these structures when determining beneficial ownership for registration purposes. This circular introduces significant changes to how beneficial owners must be identified and reported, aligning Luxembourg's approach with upcoming EU regulations and potentially requiring many entities to review and amend their existing registrations.
LuxembourgCorporate/Commercial Law
A&O Shearman
A&O Shearman
Article

New LBR Sanctions Regime

Luxembourg has strengthened its enforcement framework for the Register of Beneficial Owners and Trade and Companies Register, granting the Luxembourg Business Registers new administrative powers to monitor compliance and impose sanctions. Starting September 2026, entities with incomplete or inaccurate filings may face progressive penalties including daily fines, administrative deregistration, and potential dissolution.
LuxembourgCorporate/Commercial Law
Loyens & Loeff
Loyens & Loeff
Article

Luxembourg Business Registers Launches Enforcement Phase Of RCS And RBE Compliance Procedure

Luxembourg's Business Registers will begin enforcing compliance sanctions from September 2026, introducing a graduated penalty system for entities with incomplete or inaccurate RCS and RBE filings. The framework progresses from public warnings to daily fines of EUR 40 and potential deletion from the registers, with entities able to regularise their position at any stage to avoid escalating consequences.
LuxembourgCorporate/Commercial Law
Tiberghien
Tiberghien
Article

Luxembourg Business Registers Launches Enforcement Phase For RCS And RBE Compliance

Luxembourg's business registers have entered an enforcement phase targeting companies that have failed to comply with RCS (Registre de Commerce et des Sociétés) and RBE (Registre des Bénéficiaires Effectifs) requirements. Non-compliant entities now face potential penalties and administrative actions as authorities intensify their regulatory oversight. Understanding these enforcement measures and compliance obligations is critical for businesses operating in Luxembourg's jurisdiction.
LuxembourgCorporate/Commercial Law
Luther Luxembourg S.A.
Luther Luxembourg S.A.
Article

Luxembourg Business Registers Clarifies RBE Filings For Companies Held By A Trust Or Foundation

Luxembourg's Business Register has clarified how beneficial ownership rules apply when companies are held through trusts or foundations, requiring entities to register the underlying trust or foundation's beneficial owners rather than applying the standard corporate ownership test. This interpretation, issued without a transitional period, means affected entities must immediately review their beneficial ownership filings to ensure compliance with the Register's position.
LuxembourgCorporate/Commercial Law
Tiberghien
Tiberghien