Page last updated at 19:19 GMT, Thursday, 10 January 2013

Gender balance on corporate boards motion

On 10 January 2013, peers supported a motion to approve the EU committee recommendations on women on corporate boards.

The committee and the government do not believe that the draft EU directive on improving the gender balance of non-executive directors on boards complies with the principles of subsidiarity.

The draft directive seeks to oblige companies listed on stock exchanges to have women make up 40% of the non-executive directors sitting on boards by 2020.

Subsidiarity is a legal principle of the EU that ensures that decisions are taken at the lowest political level acceptable.

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