Breaking the Glass Ceiling - Proposal for EC Directive on Improving the Gender Balance among Non-Executive Directors

Poposka, Zaneta (2014) Breaking the Glass Ceiling - Proposal for EC Directive on Improving the Gender Balance among Non-Executive Directors. 2nd International OFEL Conference on Governance, Management and Enterpreneurship "Inside and Outside of Managerial Mind", 2. pp. 111-121. ISSN Abstracts of the Proceedings (ISBN: 978-953-57413-3-6) and on the official conference CD (ISBN: 978-953-57413-4-3).

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Abstract

Company boards in the European Union (EU) are characterized by persistent gender imbalances as evidenced by the fact that only 13.7% of corporate seats in the largest listed companies are currently held by women. As stated in the Progress report “Women in Economic Decision-making in the EU” the share of women varies across Member States between around 3% and 28% for non-executive directors and between 0% and 21% for executive directors. Recent surveys concludes that this under-utilisation of the skills of highly qualified women’s constitute a loss of economic growth potential and can be seen as a missed opportunity in terms of both corporate governance and financial company performance. From another side, self-regulatory initiatives in a number of EU Member States have not yielded any noticeable change and it is evident that would take several decades to approach gender balance through the EU. Thus, on 14 November 2012 the European Commission (EC) proposed for a Directive on improving the gender balance among non-executive directors of companies listed on stock exchange and related measures. This paper is theoretical and qualitatively analyses the proposal from the perspective of promoting the equal participation of women and men in economic decision-making. Thus, acknowledging that gender equality policies are vital to economic growth, prosperity and competitiveness.

Item Type: Article
Subjects: Social Sciences > Economics and business
Social Sciences > Law
Divisions: Faculty of Law
Depositing User: Zaneta Poposka
Date Deposited: 06 Oct 2016 13:29
Last Modified: 06 Oct 2016 13:29
URI: http://eprints.ugd.edu.mk/id/eprint/16358

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