European Boards Makes Huge Gender Equity GainsAugust 4, 2015 – In The News
Stephanie Resnick was featured in the Perspectives article, “European Boards Makes Huge Gender Equity Gains.” Full text can be found in the August 2015 issue, but a synopsis is below.
Recently, Germany joined Norway and France to become the latest European country to mandate gender quotas on corporate boards.
“I was actually shocked to see Europeans imposing quotas,” said Fox Rothschild Partner Stephanie Resnick. “In Norway, if there’s not a 40 percent quota, the law says they can essentially dissolve that corporation.”
“But from my end, it looks like the European marketplace is taking a much more aggressive approach than the U.S. marketplace. I think we are getting there, but we can always do better. Term limits might help. In my firm, we have term limits for leadership positions that give people the opportunity to put their hat in the ring, and it’s very refreshing,” continued Resnick.
No matter the approach in place, there’s universal agreement that more work must be done on both continents.
Click here to view the full article.