European Affairs Commission against female quota on company boards

06-12-2012

Parliament’s Commission for European Affairs has asked the government to vote against a proposal by Brussels to impose a 40 per cent female quota on listed company boards across the EU. Opposition to the proposal was spearheaded by Public Affairs. The commission concluded that introducing quotas for companies should be a last-ditch measure that should be decided by individual member states. MP Viktor Paggio from Public Affairs described the proposal as an ill-conceived attempt at social engineering that would inevitably backfire. The EC defended the proposal on the grounds that all its previous attempts to address a severe gender imbalance across the 27-country bloc by attempting to reach voluntary agreements with companies had failed.