I'm wondering what do people think of this? Does anyone else aside from me think that this will result in men who are more competent, being passed over for promotion because the quota needs to be maintained?AUSTRALIAN companies should be given five years to increase the number of women sitting on their boards before Government legislation forces them to do it.
Ms Broderick said yesterday it was time for radical action to change that. She wants Australia's corporate governance rules to be changed to require top companies to set three- and five-year targets to increase the number of women on their boards.
They would have to report annually to the stock exchange on their progress in meeting those targets. If that failed to improve the number of women on boards within five years the government should introduce quotas, she said.
She said Norway introduced 40 per cent quotas a few years ago and companies that did not meet the quota by 2008 were to be delisted. Board seats held by women jumped from 6 per cent in 2002 to 41 per cent today.
Does anyone think that new directorship positions would be created? Like "Director of workplace refreshments and breaks"?
I'm all for competent, proven women taking directorship of companies, I'm just not sure if I'm willing to put an incompetent woman over a competant man because of quotas.