The draft law would oblige listed companies in all 27 EU member countries to have women take up at least 40% of non-executive board seats, or that women occupy 33% of executive and non-executive roles combined.
"It seems we've finally been able to kiss the Sleeping Beauty awake," Lara Wolters, a Dutch socialist and a lead negotiator for the European Parliament on the matter, told Reuters. The European Institute for Gender Equality , an EU agency, said last April such binding quotas have proven more effective in improving balance on boards compared to countries legislating softer measures, or none at all.
The next negotiating round, expected to be the last one, between the European Parliament and the 27 EU countries starts at 1300 GMT on Tuesday and Wolters was optimistic for a deal later in the day.
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