• France's news in English
 

Gender quotas boost equality at French firms

Published: 23 Feb 2013 08:15 GMT+01:00

"France has raised the bar for other countries interested in opening up corporate board rooms to women," said Irene Natividad at the Washington-based Corporate Women Directors International (CWDI) which conducted the study.

The study shows that France has overtaken the United States in placing women on the boards of the world's 200 largest companies. 

The average percentage of female directors among Fortune Global 200 companies, the world's largest by revenues, came to a modest 15 percent. Thanks to a new French quota law, the number of women directors in 17 top French companies equated to 25.1 percent, while only 20.9 percent of board members were women at the 57 largest US companies.

In a similar study released in late 2011, France beat a timetable set by the quota law taking effect in January of that year, that requires publicly listed companies to make 40 percent of their directors women by 2017.

The law set a halfway point of three years to reach 20 percent, and France had 20.1 percent. That marked substantial progress from 7.2 percent representation in 2004, when the CWDI first tracked the data.

"The dramatic increase in the number of women now serving on the boards of French companies shows that it is possible to do this at a quicker pace, as long as there's a plan to do so," Natividad said.

Norway initiated the board room quota drive in 2003 and reached its 40 percent mandate in 2008.

Five other European countries now have government quotas on female directors in public companies: Belgium, Iceland, Italy, the Netherlands and Spain. Outside Europe, Malaysia is the sole country with such a quota.

Ten other countries have quotas for women on the boards of government-owned companies, bringing to 18 the number of countries with some kind of quota.

The improved numbers worldwide also were driven by the inclusion of gender or board diversity language in the corporate governance code in several European countries, the CWDI said.

Finland led that drive and now has 22 percent of board seats held by women, in an initiative that has spread to other continents, the group said, calling it "a very popular strategy for countries wanting to avoid quotas."

"There are now 17 countries who have adopted this initiative," the research group said.

The data made clear that government quotas and gender diversity recommendations spurred women's acceptance to the boardroom.

"Quotas work," said Natividad. "Inserting gender diversity into corporate governance codes works.

"What doesn't work is assuming that women will rise to board seats 'naturally,' and therefore do nothing."

The world's top three economies -- the United States, China and Japan -- are home to 104 of the Fortune 200 companies, but had the lowest percentage increases in women-held board seats.

"None of these countries have concerted proactive strategies to improve the numbers of women directors in their respective countries," the CWDI said.

Your comments about this article

2013-02-23 16:58:38 by Eric
Equality doesn't mean equal. When women, or any other group, are promoted over men because they women then it's not equality. The individual and the individual talents aren't important. It's all about appearances nothing more.
Today's headlines
French man calls in bomb alert to delay plane
Photo: Kenzo Tribouillard / AFP

French man calls in bomb alert to delay plane

French police have arrested a man who called in a false bomb alert to an airport to delay his girlfriend's flight because she was in danger of missing it, prosecutors said on Sunday READ  

Cannes race wide open on eve of awards
Cate Blanchett in Cannes. Photo: Valery Haché/AFP

Cannes race wide open on eve of awards

The competition for the Palme d'Or at the Cannes Film Festival wraps up Saturday with a clutch of favourites jockeying for one of global cinema's most coveted prizes. READ  

Waterloo: Why is it still taboo for the French?
A Waterloo reenactment. Photo: AFP

Waterloo: Why is it still taboo for the French?

France stood accused this week of "sulking" because it failed to nominate any high-ranking official to attend the gigantic commemoration for the 200-year anniversary of the Battle of Waterloo. READ  

France's cheapest holiday spots revealed
Holidayers in Nice, southern France. Photo: AFP

France's cheapest holiday spots revealed

It doesn't take a genius to figure out that Paris is the most expensive region in France to spend a summer holiday... but where is the cheapest? A new study has found the answer. READ  

France pulls up sunken tyres from artificial reefs
The tyres are hauled up from the seabed. Photo: AFP

France pulls up sunken tyres from artificial reefs

Tourists and film stars hitting the beach at the French Riviera resort of Cannes may be blissfully unaware but lurking beneath the sparkling waves are tens of thousands of now troublesome scrap tyres, sunk deliberately to boost marine development. READ  

French films
The best French films you've never heard of
French actor Tahar Rahim in a scene from A Prophet. Photo: YouTube/Screengrab

The best French films you've never heard of

With the Cannes Film Festival nearing its end and with everyone talking about everything film - we take a look back at the best ten French movies you've probably never heard of, thanks to French cinema expert Judith Prescott. READ  

Tourism in Paris
Eiffel Tower shuts as staff protest pickpockets
Tourists at the France's iconic Eiffel Tower. Photo: AFP

Eiffel Tower shuts as staff protest pickpockets

The Eiffel Tower was closed on Friday morning, as workers protested over the scourge of pickpockets around the famous monument, who they say have threatened and attacked them. READ  

Paris couple found in flat with throats slit
Photo: AFP

Paris couple found in flat with throats slit

A woman, who was reportedly pregnant, was found dead with her throat slit in a Paris apartment on Friday while her partner was left in a critical condition. An electric sander was found running beside their bodies. READ  

Cannes Film Festival
Sophie Marceau: Queen of baring all at Cannes
Sophie Marceau is a member of the Feature Film jury this year at Cannes. Photo: AFP

Sophie Marceau: Queen of baring all at Cannes

French actress Sophie Marceau is surely the undisputed queen of the Cannes wardrobe malfunction after her plunging jacket gave photographers more than an eyeful once again this week. And it's not the first time she's given the paparazzi palpitations. READ  

Cameron to visit Paris to push for EU reform
UK PM David Cameron will hope to convince François Hollande that Britain should be allowed to renegotiate its relationship to the EU. Photo: AFP

Cameron to visit Paris to push for EU reform

UK Prime Minister David Cameron is to visit Paris next week as part of his charm offensive as he tries to persuade European leaders to allow Britain to renegotiate its ties with the EU, ahead of a planned In/Out referendum in the UK. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Features
Take a tour of the best Metro stations that Paris has to offer
National
Soon there'll be a fixed fare for a taxi ride from the airport into Paris
National
Drug dealers in Marseille are offering customers loyalty cards
Soon there'll be no minimum for using your bank card in France
Features
Eurovision is around the corner - and we don't fancy France's chances
Features
Fancy starting a business and living in Paris? There's help available
National
Are you fearing a Brexit? Maybe it's time to become a French citizen
How hard-up French are tempted by money to take migrants to the UK
Bupa
Sponsored Article
Healthcare: 9 questions every expat should ask
Education
More English words (including 'le selfie') sneak into French
Charlie Hebdo to give €4.3m to attack victims
National
French Protestants bless gay marriage
Opinion
Why elitism is dragging France down
Features
RECIPE: How to make your own picnic-perfect meringues
Business & Money
French tax declaration deadline: Key things to remember
VIDEO: Can YOU pronounce the trickiest word in French?
France tops holiday wish list for children
National
Study: Women do bulk of housework in France
National
VIDEO: Police use force on Calais migrants
National
This man is France's Instagram king. But who else makes the top list?
Features
Free museum entry, film festivals, sports... see What's On this in May
Culture
Behind the curtain: A closer look at the Cannes Film Festival
National
It's a boy! Baby born on Air France flight to Paris
Features
Love-locked: Whatever happened to Paris's beautiful bridges?
'Forget the UK election, expats should be able to vote in France'
Thomas Piketty backs Miliband for Britain but not Hollande for France
Gallery
The most spectacular sunset pictures from around France
National
France tells migrants in Calais to 'forget the UK and stay here'
Who's to blame? Trial after Frenchman dies downing 56 shots
Society
VIDEO: See what's beneath the surface of the French Riviera
National
French teen suicide after sex video web bullying
France launches bid to buy Europe's biggest and most spectacular dune
Business & Money
Why May 2015 is the best month in years to work in France
Five great outdoor bars in Paris to check out this summer
Double standards? French Muslim barred from class over long skirt
National
France goes on the defensive after UN experts say 'racism is trivialised'
Five reasons we should be worried about France's new snooping laws
International
The French don't seem to care about the UK election and that's normal
Culture
Only in France? Naked comedian stuns French culture minister
Migrant camps spring up in the heart of Paris
International
France bags another fighter jet deal but should Paris thank the US?
Society
French elevator protocol: Greeting, flirting and yes, even sex
Travel
Getting from CDG airport to Paris by road should now be a lot quicker
Politics
Why all the dodgy ties? A French view of the UK general election
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se