On August 19, 2025, Law No. 21,757 was published, establishing a mechanism to increase the participation of women on the boards of directors of public and special corporations supervised by the Commission, indicating that persons of the same sex may not exceed 60% of the total number of board members. The law will come into effect on January 1, 2026, and from that date onward, companies must report to the Commission the identification and gender of each of their board members.
Similarly, on December 1, 2025, the CMF published General Rule No. 555, which regulates the submission of information on gender representation on boards of directors, within the framework of the implementation of the aforementioned law.
As of January 1, 2026, companies must enter the following information into a special module available through CMF Supervisa no later than the fifth business day following each board election:
1) Date of the shareholders’ meeting at which the election or renewal of the board of directors took place.
2) Nombre, número de cedula de identidad o pasaporte y sexo de cada director electo y su respectivo suplente, si lo hubiere; y
3) Reasons and grounds in the event that the maximum percentage of representation by gender of the incumbent directors, referred to in the fourth paragraph of Article 31 of Law No. 18,046, is not verified. That is, 80% for the years 2026, 2027, and 2028, then 70% for the years 2029, 2030, and 2031, and finally 60% for the year 2032.
In the event of any change in the information reported in paragraph 2) above, as a result of a vacancy, the Company must report it to the Commission within five business days of the event.
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