European-listed firms could face fines if fewer than 40% of their non-executive board seats are taken by women
The European Union executive is reviving plans for mandatory quotas of women on company boards, amid slowing progress towards gender equality among top management.
The EU commissioner for equality, Helena Dalli, told journalists that quotas “can be a very ugly word” but were also “a necessary evil, in the sense we have to use quotas because otherwise we will wait another 100 years for things to change by themselves”.
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