Brussels waters down board quota plan

Brussels announced a new plan to boost the number of women on boards that will not include mandatory female quotas, an embarrassing U-turn after the first proposal was blocked by EU lawyers.

The revised legislation, a copy of which was seen by the Financial Times, sets a 40 per cent quota as an objective but companies will not face sanctions if they do not meet it, as previously envisaged by Viviane Reding, the EU's justice commissioner, who championed the plan ... READ MORE

Released by the Financial Times - 13 November 2012