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".