Viviane Reding the European commissioner for justice, fundamental rights and citizenships is oft quoted with regard to E.U. quotas, “I don’t like quotas, but I like what they do.” Her uphill fight to increase the number of women non-executive directors on boards to 40% by 2020 was made on November 14th, in a formal legislative proposal to increase the proportion of women on listed company boards. This came after a failed attempt to launch the proposal in October. Now, Reding has scaled back the scope of her plan to win the support of other commissioners. It has still to be ratified in by the European Parliament although Reding is confident of success as she tweeted, “It’s done. The Commission has adopted my proposal for a European law so that women represent 40% of company board members by 2020″.
Now an “objective”
