France May Force Gender Equality on Boards
December 3, 2009 by The New Agenda
The Guardian reporting:
Nicolas Sarkozy’s centre-right party has put forward legislation that would see women make up half the figures in France’s leading boardrooms by 2015, under a bold plan to impose gender equality on the male-dominated business world.
In a bill submitted to the French parliament this week, all companies listed on the Paris stock exchange would have to ensure female employees made up 50% of their board members by 2015. If passed, a gradual implementation of the law would see businesses obliged to have women in 20% of board seats within 18 months, and 40% within four years.
Daily Beast reports:
A leader of the majority party, UMP, said that the law would provide a “much-needed electro-shock” to France’s corporation. The changes would be incremental, requiring board seats to be 20 percent female in 18 months and 40 percent within four years. One conservative business leader said his group would support the legislation calling quotas a “necessary evil.”
We’ll be watching closely. This could be a big step towards equality in France.