Large European companies will be forced to hire a female candidate over an equally qualified male – or face sanctions – unless women occupy at least 40 per cent of their board seats by 2020, the EU justice commissioner said yesterday.
EU data show that women currently fill 13.7 per cent of board seats in large companies.
While the new EU-wide plan does not in fact set mandatory quotas, as an earlier draft proposal suggested, it will introduce a range of administrative burdens to coerce companies to appoint more female non-executive directors.
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