EU’S GROUNDBREAKING WOMEN ON BOARDS DIRECTIVE COULD SMASH GLASS CEILING
January 22nd, 2023
The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors. These quotas will apply for each company – not just a national average – and cover executive and non-executive positions on boards all listed companies other than those with less than 250 employees by June 30, 2026. Currently just 32.2% of directors of all ...
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