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EU Plan for 40 Percent Quota of Women on Boards Gets Win

European Union companies may soon be forced to favor women over equally-qualified men for supervisory board seats after EU lawmakers backed draft rules that would impose a 40 percent quota for female directors.

The European Parliament in Strasbourg, France, today voted with 459 votes in favor of the draft law, 148 votes against and 81 abstentions. To become law, the plans still need the backing of EU members states.