EU pushes for gender equality, proposes 40 % quota of female board members

The European Union proposed 40 percent quota of female board members to push for gender equality.

According to a proposal brought up by the European Commission, male members account for more than 60 percent on company boards.

Under the proposal, the EU is required to give priority to female candidates over the same qualifications for a post when women constitute less than 40 percent of the boards.

Several European countries such as Germany, Hungary, and Sweden have opposed previous attempts to reach the goal in consideration of preserving domestic affairs and ideology.

Women empowerment at high ranks of companies is in slow progress in Europe.

Posted by Juliet Ekwebelam (Punch)