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EU Weighs Quotas as Firms Fail to Add Female Board Members

March 5 (Bloomberg) -- The European Union’s justice chief Viviane Reding is weighing possible quotas to promote more women to board level, after companies made “limited progress” on redressing the gender balance.

“I am not a great fan of quotas,” Reding said in an e-mailed statement. “However, I like the results they bring.” She said the lack of women “in top jobs in the business world harms Europe’s competitiveness and hampers economic growth.”

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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