Germany Backs Push To Put More Women On Corporate Boards

Law360, New York (September 21, 2012, 4:53 PM EDT) -- The German Parliament's upper house endorsed on Friday a rule that would require companies to reserve at least 40 percent of the seats on their supervisory boards to women, following a similar proposal under debate in the European Union.

Under the German proposal, public companies would have to allocate 20 percent of their seats on their boards to women by 2018, and 40 percent by 2023, according to a report by the Associated Press. The European Commission's proposed rule would set a 30 percent quota by...
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