Should the U.S. consider gender boardroom quotas?

Europe has taken the lead in making boards more balanced

Boardroom
(Image credit: (Thinkstock))

In Germany, where women hold just 12 percent of corporate board seats, the Social Democrats and conservative Christian Democrats this week agreed on a gender quota for German companies. Under the law, companies will have to fill 30 percent of their non-executive board seats with women starting in 2016. Companies that fail to meet that quota will have to leave those seats vacant.

Plenty of Germans are not crazy about the idea. "It's a toad that we're going to have to swallow," CDU parliamentarian Michael Fuchs told RTE. "There are companies where that's going to be difficult."

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.