"European Quotas for Women CEOs Help Crack Boardroom Glass Ceilings"

Submitted by anthony on Thu, 2011-11-17 05:05

Article here. Excerpt:

'WASHINGTON, Nov. 16, 2011 /PRNewswire-USNewswire/ -- Women are cracking boardroom glass ceilings all over Europe, spurred on by new quota requirements in many countries to put women at the top, according to the latest Corporate Women Directors International study of women directors in Fortune Global 200 companies, the biggest in the world.

"Something is happening, and it's driven by Europe," said Irene Natividad, chair of the Washington-based international research group CWDI which releases its 17th annual report on Nov. 18. "The momentum for more women on boards will change the face of the biggest companies in Europe, in the midst of the region's ongoing financial crisis. They are ahead of the ball game."

The major influence on many European companies -- government quotas for the number of women required to be in the boardroom, was initially propelled by Norway, but since adopted in Spain, France, the Netherlands, Iceland, Italy and Belgium.'

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