On April 25, Eurosif submitted its Response to the EC Consultation on Gender Imbalance in EU Corporate Boards. In its Response, Eurosif reinforces its position on the topic, namely:
- Eurosif’s position is that gender imbalance should be addressed first through a Recommendation addressed at establishing national mechanisms with minimum recommended levels of gender representation on boards (and management).
- This should be coupled with disclosure requirements and a ‘comply-or-explain’ approach as long as a framework is provided to ensure a sufficient quality of explanations. Additional EU legislation is appropriate if this proves ineffective.
Download Reponse here.