It was Norway that pioneered the idea. From 2008 it obliged listed companies to have women in at least 40% of board seats or face dissolution.
Germany, for example, introduced gender quotas for corporate boards in the private sector in 2016, increasing the number of female board members.
European Union states (all 27 nations) have agreed to a 'landmark' plan to set a 40% quota for women on corporate boards.
We hope that the above facts on quotas help to highlight the importance of gender diversity.
Also, the EU has set a 33% target for women serving in senior roles, including non-executive directorships and board positions, such as chief executive and chief operating officer.