[ParlTrack]

Proposal for a directive
Recital 13

(13) The current lack of transparency of the selection procedures and qualification criteria for board positions in most Member States represents a significant barrier to more gender diversity among board members and negatively affects both the board candidates' careers and freedom of movement, as well as investor decisions. Such lack of transparency prevents potential candidates for board positions from applying to boards where their qualifications would be most required and from challenging gender- biased appointment decisions, thus restricting their freedom of movement within the internal market. On the other hand, investors have different investment strategies that require information linked also to the expertise and competence of the board members. More transparency in the qualification criteria and the selection procedure for board members enables investors to better assess the company's business strategy and to take informed decisions.deleted

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Recital 15 a (new)

(15a) The EU institutions, agencies and in particular the ECB should lead by example concerning gender balance. Stringent rules on internal and external recruitment to all EU-institutions and agencies should be implemented in order to ensure fair treatment between women and men and to improve the gender balance among leading positions.

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Recital 16

(16) The Union should therefore aim to increase the presence of women on company boards, in order both to boost economic growth and the competitiveness of European companies and to achieve effective gender equality on the labour market. This aim should be pursued through minimum requirements on positive action in the form of binding measures aiming at attaining a quantitative objective for the gender composition of boards of listed companies, in the view of the fact that Member States and other countries which have chosen this or a similar method have achieved the best results in reducing the under-representation of women in economic decision-making positions.deleted

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Recital 21 a (new)

(21a) Setting binding targets for gender balance in corporate boards of listed companies would seriously infringe on shareholders rights to freely choose their representatives. Consequently, companies' individual commitments and initiatives are preferable in the attempt to improve the gender balance among board positions.

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Recital 21 b (new)

(21b) Keeping in mind that individual commitment of companies is the only way to change attitudes and practices toward women and men in a more comprehensive manner within companies. It also allows for companies to take action more broadly than merely among non-executive directors. Therefore it is necessary that all companies have a Gender policy in place.

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Recital 29

(29) Where an unsuccessful candidate of the under-represented sex establishes the presumption they were equally qualified as the appointed candidate of the other sex, the listed company should be required to demonstrate the correctness of the choice.deleted

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Article 4 – paragraph 1

1. Member States shall ensure that listed companies in whose board's members of the under-represented sex hold less than 40 per cent of the non-executive director positions make the appointments to those positions on the basis of a comparative analysis of the qualifications of each candidate, by applying pre-established, clear, neutrally formulated and unambiguous criteria, in order to attain the said percentage at the latestundertake individual commitments in the form of individual targets or gender policies, in order to significantly improve the gender balance by 1 January 2020 ~~or at the latest by 1 January 2018 in c~~. The individual commitments shall be realistic but ambitious and based o~~f listed companies whi~~n company and branch ch ar~~e public undertaking~~acteristics.

2013/05/13
Committee: ECON

Diogo FEIO

Proposal for a directive
Article 4 – paragraph 2

~~2. The number of non-executive director positions necessary to meet the objective laid down in paragraph 1 shall be the number closest to the proportion of 40 per cent, but not exceeding 49 per cent.~~deleted

2013/05/13
Committee: ECON

8 Amendments of Diogo FEIO related to 2012/0299(COD)

ParlTrack - 2011-2024