Wednesday October 21, 2020

It's high time for a 40% solution

Proposed EU regulation could force companies to raise the numbers of women on boards to 40 per cent, writes Gareth Naughton.

9th December, 2012
Maura Quinn, chief executive of the Institute of Directors in Ireland. Photo: Tony O'Shea

With women seriously under-represented on company boards, an EU-led initiative is aiming to radically redress the balance

Under proposals by the EU Commissioner for Justice, Viviane Reding, large companies will be encouraged to increase female participation at board level to 40 per cent by 2020.

The initial proposals would have seen companies mandated to do so under pain of punishments and fines, but this has since been watered down, and it is likely that individual countries will...

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