Norway to force companies to have more female directors...
Once again, gender trumps merit...
Norway's center-left government has issued a warning to 140 companies that still don't have enough women on their boards of directors: Appoint more, or be dissolved.Companies organized as "ASA" corporations are required to meet a state-mandated quota that calls for 40 percent of their directors to be women.
The quota was ushered in during the previous center-right government coalition, and has been enthusiastically embraced by the current Labour Party-led government.
Equality minister Karita Bekkemellem told newspaper Aftenposten on Friday that those companies failing to meet the quota will face involuntary dissolution from January 1. Many are within traditionally male-oriented branches like the offshore oil industry, shipping and finance.
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