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20 Jan 2022

Companies in Europe Prove Sluggish in Admitting Female Board Members

Companies in Europe Prove Sluggish in Admitting Female Board Members

The Index Today

Companies and firms across Europe have reportedly turned out to be slow in electing female board members, as per a study conducted by an EU-appointed nonprofit organization.

Although the percentage of women in senior corporate positions increased in 2021, it has fallen off track in reaching the European Commission’s intended goal of 40% by 2025.

This comes as EC President Ursula von der Leyen promised to direct her efforts towards unblocking legislation on an allocation for women on EU boards. This legislation has been in a gridlock since 2012. The European Commission’s proposition requires select companies to set aside a minimum of 40% of non-executive positions for women.

According to Rosa Kriesche-Küderli, chair of research and communication at the European Women on Boards (EWOB), "At the current speed of change we will not be able to reach 40% women on boards by 2025."

©Photo: Financial Times