Friday, September 09, 2016

The Swedish Government Just Proposed A Law For Gender Quotas On Corporate Boards

Via Business Insider:

The Swedish government has announced that it is proposing legislation for gender quotas on the corporate boards of listed companies and state-run companies.

"We have clearly communicated that we would review the situation after this year's general meeting period. There has been a slight improvement, the percentage of women has reached 32%. But it's progressing very slowly", said Sweden's Minister for Enterprise, Mikael Damberg.

The proposal would impose penalties on companies not having achieved corporate boards composed of at least 40% women by 2019, Omni reports. So far there is no indication the law would concern itself with genders outside of the male-female dichotomy.

The law would affect 280 companies listed in Sweden and about 50 state-run companies, reports Sveriges Radio.

Sveriges Radio also reports a written comment by Annie Lööf, leader of the Centre Party:

"I see big problems with women having difficulties reaching the top and seeing their careers progress, but I don't believe the government should instill this change with pointers and legislation".

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