New statistics released have been published by the European Commission showing that the average share of women on the boards of the largest publicly listed companies in the EU has risen to 18.6%. This represents an increase of nearly one percentage point since the last data collection six months previously.
The EU credits this change with the imminent threat of legislation in this area, specifically, the draft Directive aiming for a share of 40% of female non-executive members on the boards of listed companies. The draft Directive is currently being discussed by the EU Council, however, there remain a number of EU countries who are continuing to raise objections, with many preferring to deal with the issue on a national basis. As a result, whether and when the Directive will be implemented remains unclear.