New European Commission’s proposal for increasing gender equality in the boardrooms of listed companies | Association of Organisations of Mediterranean Businesswomen

The European Commission has adopted (November 14th) by consensus a proposal for legislation (Directive) aiming at increasing the presence of the under-represented sex (mostly women) on corporate boards throughout the EU by setting a minimum objective of 40% by 2020 for non-executive members of the board. The proposal also includes, as a complementary measure, a "flexi-quota", an obligation for listed companies to set themselves individual, self-regulatory targets regarding the representation of both sexes among executive board directors to be achieved by 2020. The proposal will now be discussed by the EU co-legislators (European Parliament and Council).

Currently, boards are dominated by one gender: 85% of non-executive board members and 91.1% of executive board members are men, while women make up 15% and 8.9% respectively.

To read the whole proposal click HERE