The European Commission’s latest discussions about legislation to increase the amount of women on the boards of listed companies has resulted in a new Directive that gives the companies listed on the stock exchange until 2020 to achieve a target of 40% female representation on non-executive board member positions. Any company that fails to meet the target will be forced to take action by giving preference in their appointments to equally qualified women unless an objective analysis can show a man is significantly better for the job. Companies not listed, as well as companies with less then 250 employees and an annual turn-over of less than 50 million Euros are exempt from the directive.
Read the full article here: A Chip in the Glass Ceiling? Europe Proposes 40% Target for Female Non-Execs