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On Wednesday this week, in the
European Parliament, a resolution was passed by MEPs in support of legislation proposed by the Commission to increase the proportion of women occupying non-executive positions on listed company boards: see
here. The proposed legislation, in the form of a Directive, will require those listed companies where women (or men) hold less than 40% of the non-executive positions to adjust their recruitment, pre-selection, selection and appointment procedures in order to contribute to the attainment of the 40% target by 1 January 2020 (a so-called 'procedural quota'). Where male and female candidates are equally qualified, priority is to be given to the candidate from the under-represented gender.
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