Women on Company Boards Climbed to 15.8% Last Year, EU Says

More women gained a seat on company boards in the European Union last year with their share climbing to 15.8 percent in October, according to European Commission figures.

The roll call of female directors increased on management and supervisory boards in 24 out of 27 EU countries, rising 2.2 percentage points from October 2011, EU regulators said in a statement today. Ten percent of management board seats and 17 percent of places on supervisory, or non-executive, boards were held by women.

“Countries with quota legislation remain the motor of change,” the commission said, citing new rules requiring companies in Italy and France to appoint more female board members.

EU regulators are asking governments and the European Parliament to approve draft rules that would set a 40 percent quota to favor women over equally qualified men for supervisory board seats. The lack of female candidates for a seat on the European Central Bank’s Executive Board saw European Parliament lawmakers oppose the appointment of Luxembourg’s Yves Mersch.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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