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Good practice Imported

Greece's Corporate Board Gender Quota — Law 4706/2020 Raised to 33% by Law 5178/2025

Greece · Athens · See the Greece profile · See the Athens profile

Evidence: Descriptive / self-reported Top 68% 52/100 · Ask Evidence Copilot about this practice

Greece introduced its first binding board gender quota (25%) for listed companies in 2020. Law 5178/2025 raises this to 33% for large listed firms by mid-2026, backed by penalties of up to 3 million euros or 5% of turnover, though post-law compliance data is not yet published.

Greece's Corporate Board Gender Quota — Law 4706/2020 Raised to 33% by Law 5178/2025

Details

Maturity
Scaling
Promoter
Hellenic Capital Market Commission / Hellenic Parliament
Period
2020-2026
Region (NUTS)
EL30
Keywords
corporate governance, financial regulation, gender equality

Context

Law 4706/2020 introduced Greece's first binding gender quota for corporate boards (25% of listed-company seats, with mandatory annual disclosure). Law 5178/2025, in force from 14 February 2025, transposes EU Directive (EU) 2022/2381 and raises the threshold to 33% for large listed companies.

Results

Compliance is monitored via mandatory annual reports to the Hellenic Capital Market Commission, the General Secretariat for Equality and the Greek Ombudsman; the Commission can levy penalties of up to EUR 3 million or 5% of annual turnover for violations. Listed companies must reach the 25% floor by 30 June 2026, and large companies must reach 33% at their next board renewal after that date.

Conclusions

Because the reinforced quota's compliance deadlines fall in 2026, no independent, post-implementation compliance or board-composition data for Greece was found; the strength of evidence here rests on the legal design and enforcement architecture rather than measured outcomes.

Implementation
Indicative cost
Low (< €50k) — Enforced via existing capital-markets regulatory infrastructure.
Time to results
Medium (1–3 years) — 25% floor due 30 June 2026; 33% threshold at next board renewal after that.
Staffing & skills
Hellenic Capital Market Commission, General Secretariat for Equality, Greek Ombudsman

Conditions for success

  • mandatory annual disclosure to three independent oversight bodies
  • financial penalties up to EUR 3m or 5% of turnover

Common failure modes

  • no post-implementation compliance data yet available

Where it fits

Governance type
national government
Scale
national
Income level
high-income

Commonly funded by

National / regional programmes CERV — Citizens, Equality, Rights and Values

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Data sources

Where this practice's information was retrieved from, and when.

Attachments

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