It outlines the growing attention around European Commissioner for Justice Viviane Reding’s latest crusade: increasing quotas for the percentage of women in the executive boardroom.
The European Parliament advised EU businesses last week to increase numbers of women in their boardrooms by next year or face a mandatory quota of 40% by 2020. While their recommendation is still non-binding at the moment, should voluntary efforts to increase female representation at the highest levels of EU businesses fail by next year, they encourage the European Commission to table legislation to make it binding. And here is where Commissioner Reding steps in.
As the FT points out, she has a tough job ahead. While some countries such as France, the Netherlands and Spain support binding quotas – Norway already has them – some expect the UK and others to resist. Social legislation has always been an uphill battle in Europe and this will be no exception. Yet if anyone can do it (I’m agreeing with the FT here), Viviane Reding can. You can keep track of the pledges she is collecting here.
As a colleague and I just discussed, were we policymakers, we’d be more eager for the social benefits that enable women in the workplace to come through (wide spread access to good childcare, proper maternity & paternity leave, etc). But obviously this isn’t enough.
Bottom line is, I have a general mistrust of quotas – but I more or less support any initiatives that try to even out the playing field…
But let’s open it up: what do you think?
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February 27, 2024
February 8, 2024