Denmark: government announces new Act in the fall on flexible quotas for women on boards

“Our system received a very warm welcome.  It was obvious for everyone that it was new on the international scene, as we found a solution that addresses the issue without forcing businesses to adopt quotas.”  This is how Danish Minister for Equality Manu Sareen rejoiced with the way his speech was received in Paris on May 23 at the OECD 2012 Forum, about the new “Danish system” to increase the number of women leading private and public companies.  When presenting it in Copenhagen on May 3, the Minister announced that he wanted this system to become a ‘reference’ in the EU because it is “wider, deeper and more flexible” than anything done elsewhere.  This system will enter the law in the fall, via the review of the Corporate Act (selskabslovgivningen) and of the law which forces large businesses to report on their CSR policies, application and results in their annual report (årsregnskabsloven, see our dispatch No.  110786). 
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openhagen on May 3, the Minister announced that he wanted this system to become a ‘reference’ in the EU because it is “wider, deeper and more flexible” than anything done elsewhere. This system will enter the law in the fall, via the review of the Corporate Act (selskabslovgivningen) and of the law which forces large businesses to report on their CSR policies, application and results in their annual report (årsregnskabsloven, see our dispatch No. 110786).

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