Cracking the glass ceiling: more women on corporate boards than ever before!
New statistics released today by the European Commission show that the average share of women on the boards of the largest publicly listed companies in the EU has risen to 18.6% (April 2014). This unprecedented level represents an increase of nearly one percentage point since the last data collection six months previous (17.8%, October 2013). Following a strong backing by the European Parliament in November 2013 ( IP/13/1118), the Commission's draft Directive aiming for a share of 40% of female non-executive members on the boards of listed companies is currently being discussed by the Council of the EU.
Commissioner Reicherts said : "Gender equality is not an option, it is not a luxury, it is an imperative. That is why Europe needs strong rules to tackle the gender imbalance in company boardrooms. Since we put forward a law – a procedural quota – the cracks have started to show in the glass ceiling. More and more companies are competing to attract the best female talent. Since October 2010, the share of women on boards has risen by 7.6 % percentage points." She added: " Today's statistics show that regulatory pressure works! The Council of Ministers should now rise to the challenge and make swift progress on this draft law, which places qualification and merit at centre stage."
Factsheet with the latest figures