Viviane Reding, the European Union justice commissioner, is expected to renew a bid today to win approval for a law pushing large companies to have women hold at least 40 percent of their board seats.
The issue has divided the European Union, with Britain leading countries that regard the binding quotas as counterproductive and unworkable. Powerful business interests have also warned against quotas. Reding’s proposal is likely to be approved at a meeting of the European Commission today, European officials said. The new proposal differs significantly from Reding’s previous draft. In the new proposal, sanctions would apply only in cases where companies that fall short of the 40 percent failed to establish adequate selection procedures.News Tribune news services