Vote on Gender balance among non-executive directors of companies listed on stock exchanges: - extracts from the report by Rodi KRATSA-TSAGAROPOULOU (EPP, EL) and Evelyn REGNER (S&D, AT) (recorded on Tuesday 19/11) - extracts from the vote

Type: News   Reference: 94861   Duration: 00:03:49  Lieu: Strasbourg, France - European Parliament
End production: 20/11/2013   First transmission: 20/11/2013

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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00:00:00 Title 00:00:05
00:00:05 Exterior view of the EP, Strasbourg 00:00:05
00:00:10 SOUNDBITE (German) Evelyn REGNER Rapporteur (S&D, AT) As far as the scope is concerned, we have gone beyond the EC proposal. Which originally proposed that was stock exchange listed company would have to apply... the corresponding rules with the exception of SMS's and any company will have less than 10% , of representation of women. We are going beyond that. SMS's companies are still exempted, which I think it is a shame, because these are companies that may achieve some considerable size up to 250 employees in total. But at this time we can't that that trough because of political reasons. 00:00:46
00:00:56 SOUNDBITE (Hellenic) Rodi KRATSA-TSAGAROPOULOU Rapporteur (EPP, GR) Now it is time to really inspire people at the European level, so we can have a single space, with the implementation of the same values and principles, European values above all. So we can use women in order to provide added values where is necessary. Our proposal takes in to consideration the various levels, and various possibility in order to achieve our goal, and for that particular reason we would like to call for effective sanctions on companies that will not adopt the necessary measures to let women on their board. 00:00:50
00:01:46 SOUNDBITE (English) Viviane REDING EU Commission Not only this it is a waist of talent, it is also a mist opportunity to make better decisions leading to better financial results in he highest bodies of our listed companies. We all know that there are important economic arguments for this proposal. Making use of female talent improve these companies results. Studies form many economic organisation and companies are coming all to the same result. The higher share of women on top level delivers stronger organisational and financial performance. 00:00:50
00:02:36 SOUNDBITE (English) Viviane REDING EU Commission The proposal straights the right balance between fast progress, on one hand, and merit and decisive criteria for holding board position on the other hand. I welcome that your report largely follows the spirit of the Commission proposal. I will like to support your approach to take on SMS's, while they remain exempted of obligation under the directive, member states would need to put in place politics to support and incentive SMS's to significantly improve gender balance on their boards and management 00:00:46
00:03:22 Chair President launching the vote 00:00:19
00:03:41 E- vote result: 688 total; 459 in favour; 148 against; 081 abstentions 00:00:08
00:03:49 END 00:00:00
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