Wednesday, 14 November 2012
The European Commission has today published its legislative proposals regarding the gender balance of listed company boards: see here. Mandatory quotas are not proposed. Instead, there is a proposal for a "minimum objective" of 40% representation for each gender among the non-executive directors of listed companies with more than 250 employees and an annual worldwide turnover exceeding 50 million euros. A copy of the draft Directive is available here (pdf) and further supporting materials are available here.