NEWS AND INSIGHTS UPDATE:
A European Union (EU) proposal could require that corporate boards include 40% women by 2020.The draft law is expected to be published in October and includes sanctions for companies that don’t comply, including fines, exclusion from government tenders, and a ban on public subsidies.
Aoife White explains on Bloomberg Businessweek:
“Some 13.7 percent of board seats in the EU belong to women after a 1.9 percentage point increase between October 2010 and January 2012, the European Commission said in a report in March.
“The EU draft law to redress the gender imbalance would apply to all listed companies with more than 250 employees and annual sales of more than 50 million euros ($63 million), [according to an anonymous source close to the plan]. State-owned companies would be required to introduce the quotas by 2018 to set an example for other firms.”
Get the Details: EU Said to Seek 40 Percent Quota for Women on Supervisory Boards – Businessweek via www.businessweek.com
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Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 20-year veteran of the marketing field and has authored ten books about marketing, branding, and social media, including the highly popular 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics.
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