EU Quota Rule for Women on Boards Is the Only Way, Reding Says

European rules on quotas for women on company boards are necessary because businesses aren’t doing enough themselves, according to European Union Justice Commissioner Viviane Reding.

“I don’t like to intervene very strongly, but I thought it was the only way,” Reding said today in a panel discussion at the World Economic Forum in Davos, Switzerland. “I tried to do it first with asking the companies to do it by themselves. What was the result? Nothing.”