EU takes aim at smashing the glass ceiling

The move towards forcing companies to have more women on their boards may be politically correct, but does it actually improve performance, asks Abigail St John Kennedy

8th September, 2012
Sheryl Sandberg, chief operations officer with Facebook. Photo: Bloomberg

Under proposals being drafted by the European Commission, Europe's larger listed companies will be forced to reserve at least 40 per cent of their non-executive director board seats for women by 2020 or face fines and other sanctions.

The proposals, expected to be formally introduced by Viviane Reding, the EU's justice commissioner, in the coming months, can be adopted by the EU through its complex majority voting process.

The proposed legislation is aimed at what EU officials...

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