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.
Wednesday, 14 November 2012
Europe: gender balance on company boards - Commission publishes proposals
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.
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