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Norway’s Quota – A Decade On

In 2003, and accompanied by fierce debate, Norway became the first country to pass a law legislating for 40% female representation on the boards of publicly listed companies. New research published today by four female academics looks at the impact of this board quota and draws some very interesting (and stark) conclusions.

On a headline level women do now make up 40.7% of NED positions at listed companies in Norway, and while it would...

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A New Milestone

We are delighted and encouraged by the latest figures released by the Professional Boards Forum, which show that the percentage of women on FTSE 100 boards has crossed the psychological 20% milestone, demonstrating that momentum continues into 2014. Since March 2013, 27% of new FTSE 100 board appointments have gone to women. The ‘gap’ to reach Lord Davies’s target of 25% seats to be held by women by 2015 is now a mere 51 female appointments, with our...

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Frauenquote

The latest curve-ball from Europe, Germany’s likely introduction of quotas, sees us back frustratingly arguing already well-trodden ground. Earlier this week, the two parties most likely to form the next German government reached a compromise over the so-called ‘Frauenquote’ rule.

The debate is not new in Germany.  Angela Merkel’s CDU party successfully negated several previous attempts to introduce boardroom quotas. In April this year,...

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The Latest Twist in the EU Saga

Rather than providing clarity, the latest twist in the EU saga has done little except create confusion and rehash an already well-argued debate.

To be clear, this latest EU push is thankfully not an attempt at new legislation. It is the same draft EU Directive (requiring EU-listed companies to ensure, by 2020, that at least 40% of their non-executive board members are women) that the EC published on 14 November 2012, and that is slowly...

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Creating Sustainable and Meaningful Change in Business Culture

A little-known aspect of a new EU Directive is set to enforce mandatory targets for the number of women on boards onto majority of the big financial services firms in the UK. These rules have come to light after the two UK agencies that regulate the financial services industry (the FCA and the PRA) recently published consultation papers on the EU’s Capital Requirements Directive IV (CRD IV). Hidden in CRD IV...

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