An EU-wide plan to impose a 40 per cent female quota on listed company boards looks poised to be blocked tomorrow as a rising number of commissioners have expressed categorical opposition to the proposal.
At the EU college of commissioners, at least 11 of the 26 – predominantly members affiliated with liberal parties across Europe – will vote against the legislation championed by Viviane Reding, the EU’s justice commissioner, while only eight are likely to back the proposal, according to several senior officials.
“The commission is totally split,” an EU official said.
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