The decision is also aimed at boosting equal representation of members of Switzerland’s four linguistic communities: German, French, Italian and Romansh.
The target for gender representation has been raised from 30% to a minimum of 40% to be reached by the end of 2023, according to a government statement on Wednesday.
The announcement coincides with the approval of a United Nations report on the elimination of discrimination against women.
The report welcomes the progress being made by Switzerland, notably a planned equality strategy due to be published next year as well as several legal amendments.
They include the requirement to conduct an equal-pay analysis, improvements in the protection of victims of violence, greater flexibility in balancing work and care duties for family members, and, in revised company legislation, the introduction of guidelines on the gender composition of boards of directors and management boards.
However, the report continues to criticise persistent wage differences between the sexes, the underrepresentation of women in managerial positions and domestic violence.
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Slight improvement for Switzerland in equality ranking
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Switzerland has jumped two spots, from 20th to 18th, in the World Economic Forum’s annual Gender Gap Report.
Swisscom records over 200 million cyberattacks per month
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Swiss state-owned telecommunications provider Swisscom has to defend against 200 million cyberattacks on its own infrastructure every month.
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International Women's Rights Day saw some 4,800 demonstrators march in the Swiss cities of Lausanne and Geneva on Saturday.
Diversity and equality ‘under threat’: ex-Swiss minister
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Dismantling diversity programmes is a backwards step for equality, warns former Swiss government minister Simonetta Sommaruga.
Swiss regulator fines US bank Citi over fat-finger crash
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Citigroup fined CHF500,000 by Swiss stock exchange regulator after a fat-finger trade caused a 2022 flash crash in European stocks.
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Women still struggle to break top ranks in Swiss firms
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Women represent half of employees in non-management levels in Switzerland, but promotion rates between men and women remain unequal.
Will a more feminine parliament advance the Swiss gender agenda?
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Last year a record number of women were elected to parliament in Switzerland. Will they help bring more equality in other spheres?
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The International Day of Women and Girls in Science has been highlighting how hard it is to forge a successful career, also in Switzerland.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.