Parliament approves quotas for women on company boards
Nayla Hayek chairs the board of directors of the Swatch Group and is also CEO of Harry Winston.
Keystone / Peter Klaunzer
The Swiss parliament has approved a government proposal calling for better representation of women at the top echelons of large publicly-traded companies.
On Wednesday, the Senate voted in favour of the proposal that was also narrowly approved by House of Representatives (by just one vote). The new regulation, which is part of a large-scale overhaul of Swiss corporate law. It requires companies to set aside at least 30% of positions in the boards of directors and 20% in the executive boards for women over the next five and ten years respectively. A government minister recently said the proportions were stuck at 10% and 20%.
Around 250 companies will be affected by the measure but there are no sanctions for non-compliance. The firms that fail to achieve the minimum targets will be required to provide a justification.
Around half a million women took to the streets last Friday in Switzerland to demonstrate for equal treatment and conditions as their male counterparts.
More
More
Men appointed to boards because it’s ‘easier’
This content was published on
Few women sit on company boards in Switzerland. Parliament has put off deciding about quotas, but business has ideas about what should be done.
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
How is your country dealing with the return of stolen artifacts?
Western nations like Switzerland often have to deal with the process of recovering or returning looted artifacts which have been illegally imported. What’s the situation like in your country?
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Women represented on all top Swiss company boards
This content was published on
Russell ReynoldsExternal link found that 55 of the 206 board members are women, raising the proportion from 21% to 27% within two years. Last week the annual Schilling ReportExternal link from recruitment firm Guido Schilling said that women made up more than a fifth (21%) of supervisory board members at Switzerland’s 100 largest firms for…
This content was published on
Female representation on top management boards in Switzerland rose slightly last year, though the figures still lag behind other European countries.
This content was published on
On January 1, 2016, Germany introduced a 30% boardroom quota for women at companies listed on the stock exchange. A welcome decision regarding gender and diversity - but what are the benefits?
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.