Protecting Fundamental Freedoms and Promoting Gender Equality: The Case for Binding Quotas on Macedonian Corporate Boards

This paper analyzes gender balance on the boards of companies listed on the Macedonian Stock Exchange (MSE). Despite formal equality, statistics reveal persistent vertical segregation in top management. A comparative assessment places North Macedonia favorably within the Western Balkans and the European Union; however, further progress is still needed. Adopting a legal gender quota, as outlined in Directive (EU) 2022/238, would help close the gap, fulfill obligations under CEDAW, and reinforce the country’s commitment to the United Nations’ fifth Sustainable Development Goal on gender equality, ensuring that fundamental freedoms, gender balance, and equal remuneration are upheld in practice rather than merely acknowledged.