The Swiss government on Friday embraced non-binding quotas for women on company boards and top executive posts at major listed companies, joining a campaign in Europe to dilute the traditional male dominance of senior jobs.
Women should occupy 30 percent of the seats on boards of directors and 20 percent of top management jobs, the cabinet said in adopting guidelines that now will be drafted as legislation.
It stopped short of imposing binding quotas used in other European countries. Companies that fail to meet the target would just have to explain themselves and outline plans to comply.
The law . . .
Not ready to subscribe? Join the free Vallarta Daily Brief for local headlines, practical updates, and occasional free guides. Join Newsletter
