A proposed EU requirement that at least 40% of the seats oncorporate boards be filled by women directors has run up againstopposition from Britain and other countries, the New York Timesreports. Nine EU countries have signed a letter to the EuropeanCommission opposing the law, which is supported by EC vice chairmanViviane Reding.

The letter argues that the issue should be dealt with at thenational level, rather than by the EU.

See the full story here. For previous coverage, see EU May Set Quota for Women Directors.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.