Labour MEP for Ireland South, Phil Prendergast, has called on the government to introduce legislation for gender quotas for boards of publicly traded companies. The European Parliament recently discussed legislation which called for a gender quota of 40% for non-executive boards for all publicly traded companies in the European Union.
Ms. Prendergast said “I am today calling on the government to introduce legislation which would oblige publicly traded companies to reserve a minimum of 40% of the seats on their boards for each gender.
“As it stands, men make up 85% of board membership for non-executive boards, and 91.1% for executive boards across the European Union. This cannot be allowed to continue. The voices of women, and the perspectives of women in business, are being lost in this male-dominated environment.
“I am also calling on the government to introduce sanctions for companies which fail to fully implement the quota. I think if the legislation is too soft, then the companies will simply not adopt it or will find loopholes around it.”