Joint press conference of Viviane Reding and Olli Rehn, Vice-Presidents of the EC, on the proposal of the EC on increasing Gender Equality in the Boardrooms of Listed Companies
Viviane Reding, Vice-President of the EC in charge of Justice, Fundamental Rights and Citizenship, and Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, gave a joint press conference on the proposal of the EC on increasing Gender Equality in the Boardrooms of Listed Companies.
The EC proposed legislation with the aim of attaining a 40% objective of the under-represented sex in non-executive board-member positions in publicly listed companies, with the exception of small and medium enterprises (SMEs). Boards were dominated by one gender: 85% of non-executive board members and 91.1% of executive board members were men, while women make up 15% and 8.9% respectively.
Despite an intense public debate and some voluntary initiatives at national and European level, the situation had not changed significantly in past years: an incremental average increase of the number of women on boards of just 0.6 percentage points per year had been recorded since 2003.
Viviane Reding, on the right, and Olli Rehn Reference:P-022133 Date:14/11/2012