ARE QUOTAS SOLVING THE PROBLEM?

Abstract

Representation of women on corporate boards is minor to insignificant in most of European countries. However, numerous studies prove that women at top positions of corporations mean financial benefits, more ethical corporate governance and better focus on sustainability. At the same time Europe is facing globalization pressures and aging population, which calls for using every talent the Europe possesses. European Commission recently proposed the new legislation supporting female presence at corporate boards, but numerous countries are strongly resistant to that. However, the organic growth in these numerous countries is not strong enough to satisfy the economy needs.