The European Commission public consultation on gender imbalance in corporate boards within the EU closes on 28 May 2012. This consultation follows the publication of a progress report entitled "Women in economic decision-making in the EU" by Vice-President of the Commission, Viviane Reding, on 5 March 2012.
The Commission is considering policy options to improve the gender balance in the boards of companies listed on stock exchanges, including legislative measures, and the consultation seeks comments on a number of questions, including: How effective is self-regulation by businesses to address the issue of gender imbalance in corporate boards in the EU? What additional action should be taken to address the issue of gender imbalance in corporate boards in the EU? Which objectives (e.g. 20%, 30%, 40%, 60%) should be defined for the share of the under-represented gender on company boards and for which timeframe? Should these objectives be binding, or a recommendation, and which types of companies and boards should be bound by such an initiative?
Following the closure of the consultation, the Commission will take a decision on possible measures later this year.
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