Cleary Gottlieb

International Top 30 position: 13
International 50 position (Asia-Pacific): =40

EU proposes gender balance quotas for listed company boards

On 14 November 2012, the European Commission adopted a proposal for a directive that aims to substantially increase the number of women on EU corporate boards. In the Commission’s view, non-binding efforts to enhance female board representation have proven ineffective. The proposed measures are intended to be of a transitory nature (i.e., until sustainable progress has been reached in the gender composition of boards). Accordingly, the Proposed Directive would expire on 21 December 2028.

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Analysis from The Lawyer

Overview

City Place House
55 Basinghall St
London
EC2V 5EH
UK

Firmwide revenue 2011 ($m): 1,125
Global lawyers 2011: 1,183
Jurisdiction: US
No. of offices: 3
No. of qualified lawyers: 52 (International 50)