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 Full text 
Monday, 5 October 2020 - Brussels Provisional edition

Women in decision making on company boards, including the state of play on the directive on improving the gender balance among non-executive directors of companies listed on stock exchanges and related measures (debate)

  Lara Wolters (S&D). – Mr President, seven years of inaction have given us more evidence of what we essentially already knew, which is that self—regulation and laissez—faire ultimately fail to bring more diversity to our boardrooms.

Today the four countries in the EU with a binding quota have 23.6 percentage points more women on non—executive boards than those 11 with no rules whatsoever. Not only is that at odds with gender equality, a core principle of the EU of course, it’s also a waste of talent, and not only is it a waste of talent, it’s a bad business case because we know that diverse companies do better.

Parliament understood this seven years ago, the Commission understands this and the majority of Member States today understand this. There are of course a few sad exceptions and my country and yours, Mr Roth, are amongst them. But I urge you again – and you said it very well – I urge the German Presidency, and not Germany, to take leadership here at last and to fulfil its political, its moral and its institutional duty to us all.

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