Wednesday, October 17, 2007

Norway companies must appoint women to boards or be involuntarily dissolved.

Firms face quota deadline - Aftenposten.no
Norway's center-left government has issued a warning to 140 companies that still don't have enough women on their boards of directors: Appoint more, or be dissolved.

Companies organized as "ASA" corporations are required to meet a state-mandated quota that calls for 40 percent of their directors to be women.

The quota was ushered in during the previous center-right government coalition, and has been enthusiastically embraced by the current Labour Party-led government.

Equality minister Karita Bekkemellem told newspaper Aftenposten on Friday that those companies failing to meet the quota will face involuntary dissolution from January 1.
"My advice to them is that they take responsibility and find the women they need," she said. She called the law "historic and radical," and said it will be enforced.


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