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Article

20 Nov 2017

Author:
Daniel Boffey, The Guardian (UK)

EU: Commission to push for 40% quota for women on company boards

The European commission is to push for a quota for women on company boards to address the slow progress to gender equality in the senior ranks of publicly listed businesses. Under the proposals, companies whose non-executive directors are more than 60% male would be required to prioritise women when candidates of equal merit were being considered for a post... Jourová [the Czech Republic’s representative in the commission] said she believes discrimination is still a major factor, and that current EU legislation is ineffective because it is not strongly enforced. Jourová has also suggested legislation to force listed companies to publish gender-specific statistics on pay. “There are no teeth [to current laws],” she said... “There is not enough enforcement. It must be done by labour inspectorates, and it should be captured in collective bargaining by the trade unions.”