Joint Stock Companies May Be Required to Have Not Less Than 40% of Woman on the Board of Directors
In the State Duma there is proposed draft legislation that defines the gender composition of the board of directors (supervisory board) of the company. The document provides that persons of each sex cannot be less than 40% of the Board of Directors.
As it is stated adoption of the draft bill will help to overcome negative gender trends of managerial bodies of the company and will increase the capacity of women as equal partners with men in managerial and entrepreneurial fields, and would contribute to a more harmonious development of economic life of Russia. There is a hope that not only the gender equality, but also the professional experience and knowledge will still be taken into account during the formation of governing bodies.
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