Under a draft Bill submitted to the French parliament this week, all companies listed on the Paris stock exchange would have to ensure female employees made up 50pc of their board members "within five years".If passed, the new law would phase in a 20pc female quota in boardrooms within 18 months, rising to 40pc within four years.Jean-François Copé, president of the majority UMP party's parliamentary group, said it could give a "much-needed electric shock" to the male-centric French business world, where just 10.5pc of board members in the 650 companies listed on the CAC 40 are women.
To read the complete news story please visit Telegraph.
Under a draft Bill submitted to the French parliament this week, all companies listed on the Paris stock exchange would have to ensure female employees made up 50pc of their board members "within five years".If passed, the new law would phase in a 20pc female quota in boardrooms within 18 months, rising to 40pc within four years.Jean-François Copé, president of the majority UMP party's parliamentary group, said it could give a "much-needed electric shock" to the male-centric French business world, where just 10.5pc of board members in the 650 companies listed on the CAC 40 are women.
To read the complete news story please visit Telegraph.