French plan to force gender equality on boardrooms

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'Nicolas Sarkozy's centre-right party has put forward legislation that would see women make up half the figures in France's leading boardrooms by 2015, under a bold plan to impose gender equality on the male-dominated business world.

In a bill submitted to the French parliament this week, all companies listed on the Paris stock exchange would have to ensure female employees made up 50% of their board members by 2015. If passed, a gradual implementation of the law would see businesses obliged to have women in 20% of board seats within 18 months, and 40% within four years.

Jean-François Copé, president of the majority UMP party, said it could give a "much-needed electro-shock" to the French corporate world, long considered a bastion reserved for the male elite in which only 10.5% of board members in CAC 40 (French stock market index) companies are female.'