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Tuesday, 13 November 2012 - EU drops planned board gender quota for softer pressure |
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The quota proposal had run into opposition from a number of countries, led by Britain, and from large firms. Commission lawyers said it was "problematic" for the European Union to impose strict quotas, though it could instruct companies on how to hit quotas. The new proposal would now oblige companies with more than 250 staff to favor "the underrepresented sex" from 2016 onward in order to achieve 40 percent female representation, the source said, speaking on condition of anonymity. Member countries would have the power to determine and impose sanctions on firms that did not obey the rule. The 27 European Commissioners are scheduled to vote on the proposal on Wednesday. If a majority approve, the plan will then be voted on by the European Parliament and the 27 member countries. (Editing by Kevin Liffey) World Lifestyle Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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