Swedish finance minister open to boardroom quotas

Article here. Excerpt:

'Sweden's Finance Minister Anders Borg has indicated that a law requiring more women in the boardroom is becoming more likely, describing the continuing lack of gender balance in Swedish firms as a "significant problem".

"It is obvious that this is being solved at a very, very slow pace. I think that the arguments against the legislation are gradually eroding and that the reasons for considering legislation have strengthened," Borg said to the Dagens Nyheter daily.

Borg argued that improvements are "not even close" to what is acceptable and in relation to business leaders arguments against the need for legislation.

The finance minister's threat comes as the proportion of women in the boardroom in Swedish firms has in fact declined to 2010 levels - 26.4 percent - according to the GMI Ratings 2012 Women on Boards Survey.'