Search
Close this search box.

EU Parliament votes for 40% of seats on company boards for women

Companies listed on stock exchanges in the EU would have to bring in transparent

Companies listed on stock exchanges in the EU would have to bring in transparent recruitment procedures so that by 2020, at least 40% of their non-executive directors are women, under a draft EU directive voted for by the EU Parliament on 20 November. The draft directive has been approved following an analysis which shows that only 17.6% of non-executive board members of the EU's largest companies were women. The rules would not apply to small and medium-sized enterprises (SMEs), i.e. those that employ fewer than 250 persons. Where candidates are equally well qualified, priority should go to the candidate of the under-represented sex. Companies that fail to abide by the rules will be required to explain why and notify national authorities on the measures taken and plans to achieve the target in future. Penalties such as fines should be imposed for failing to follow transparent appointment procedures, rather than for failing to achieve the target. To take effect, the directive needs to be endorsed by the Council of Ministers.

Read more

Latest News

Read More

AI in the workplace: time to ‘get in the game or watch from the side-lines’

22 February 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

Sue Ross Legal are supporting a leading, Sheffield based law firm who have a unique opportunity for a talented and experienced Employment Solicitor or Legal…From

Andy File Associates Limited is working as a Recruitment Agency on behalf of our client with regards this permanent position.*. Who are they looking for*.

Head of Employment and HR Services. We have a unique opportunity for a talented and experienced Employment Solicitor or Legal Executive to head up our…From

Stantec UK & Ireland (UK&I) is a rapidly growing business, through acquisitions and organic growth. Reporting to the HR Director UKI, you will lead a

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE