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EU Pushes for 40% Quota for Women on Company Boards

The European commission is pushing for a quota for women on company boards to address the slow progress to gender equality in the senior ranks of publicly listed businesses. Under the proposals, companies whose non-executive directors are more than 60% male would be required to prioritise women when candidates of equal merit were being considered for a post. Previous attempts by the EU’s executive to set a 40% goal for women in the top ranks of listed companies have been blocked by Germany, the Netherlands and Sweden overs fears that Brussels was overreaching into domestic affairs. Hungary and Poland have opposed the move on ideological grounds. The result of the impasse has been slow progress to greater diversity at the top of companies. Women made up 29% of recruits to UK boards in 2016, down from 32.1% in 2014 and 31.6% in 2012, according to research by the recruiter Egon…