Legal Plea For More Women In The Boardroom
A government advisor is urging lawmakers to pass a bill requiring listed companies to give at least 40 percent of board room seats to women, echoing a law passed in Norway.
Companies that fail to live up to the law would be fined 150,000 Swedish crowns according to the proposals from legal expert Catarina Sandeberg who was appointed last year to investigate whether legislation was needed to boost the number of women on boards.
The government, reacting to a survey in 2004 which showed women trailing men in salaries in the same job, will now consider her proposals.
The Confederation of Swedish Enterprise attacked the idea, calling for companies to retain their independance.