Daily Archives: June 20, 2013

Peter Spiegel

Viviane Reding announces her plan for female quotas on corporate boards in November

Remember EU commissioner Viviane Reding’s effort last year to get the EU to adopt 40 per cent quotas for women on corporate boards? Well, last night, in the words of one EU diplomat, it may have finally become “brain dead”.

At a meeting of employment ministers from all 27 EU members Thursday night in Luxembourg, a group of ten northern and eastern countries – including Germany, Britain, Sweden and the Netherlands – submitted a statement saying they would block the plan. Combined, diplomats said, the countries had more than enough votes to prevent it from ever seeing the light of day again. Read more