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Can the Commission walk the talk?

March 11, 2013

The Barroso Commission

The European Commision is proposing mandatory quota of 40% of non-executive directors to be from the “underrepresented gender”. The wording is not a coincidence; it should ensure the men on the top of the European companies are not adversely affected by law.

The figures support the case. Publicly traded companies in Europe have 85% of men on non-executive board positions. With the proposal this should change by 2020. The imbalance at executive level is even bigger, with staggering 92% of men at the helm of the businesses. The first draft of quota legislation wanted to regulate this level as well, but have already been watered down. At the time being, no compulsory changes are foreseen for the executives.

Ironically, the executive branch of the European politics, which is behind the quota legislation, has currently only 26% of female Commissioners. The Parliament, who has the final say, is slightly better with 35% female representatives. They do talk the talk, but it remains seen if they can walk the talk.

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From → Hic Salta

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