The Central Bank of Montenegro published remarks by Governor Irena Radovic from a regional roundtable in Skopje on advancing gender equality in leadership, outlining Montenegro’s recent reforms and central-bank-led initiatives aimed at strengthening inclusive economic decision-making. Radovic pointed to the 2022 national conference on women’s economic empowerment that led to the Agenda for Women’s Economic Empowerment and to subsequent amendments to the Law on Companies adopted by the Parliament of Montenegro in August 2025. Harmonised with the European Union Directive on Gender Balance on Company Boards, the amended law requires large companies to reserve at least 40% of board positions for members of the underrepresented gender by June 2026. She also highlighted the Women on Boards Montenegro 2023–2026 programme, delivered with the European Bank for Reconstruction and Development and the Frankfurt School of Finance and Management, which has trained more than 40 participants across two cohorts, and referenced Montenegro’s participation in the We Finance Code initiative, including the launch of an interactive dashboard providing gender-disaggregated insights into access to finance. Next steps include the June 2026 compliance deadline for the board composition requirement and the launch of the programme’s third cohort.
Central Bank of Montenegro 2025-10-27
Central Bank of Montenegro governor presents 40% board gender quota by June 2026 and announces third cohort of Women on Boards programme
The Central Bank of Montenegro shared Governor Irena Radovic's remarks on gender equality in leadership, highlighting reforms for inclusive economic decision-making. Key developments include amendments to the Law on Companies mandating 40% board representation for underrepresented genders by June 2026 and the Women on Boards Montenegro programme, which has trained over 40 participants. Montenegro is also involved in the We Finance Code initiative, featuring a dashboard for gender-disaggregated financial insights.