EUROPE DELAYS DECISION ON GENDER QUOTAS FOR BOARDS
24 Oct, 2012
The EC has postponed their decision on gender quotas for boards until November 14th, to allow them more time to think the proposals through.
Vice-President of The European Commission, Viviane Reding’s recently proposed plans for mandatory quotas for women in the boardroom have been met with controversy, with nine national governments sending letters to the European Commission asking them to re-think the quotas.
Reding wants businesses to guarantee that at least 40% of board members will be women by 2020. Currently, women represent just 13.5% of company boards.
An EC statement said: “Commissioners have decided to take a little more time so that the Commission can reach an ambitious consensus.”
Picture: Viviane Reding