Government forced to back down

The Swedish government has abandoned plans to present a bill to make listed companies increase the number of women in their boardrooms, after the centre-right opposition and the Sweden Democrats on the committee on civil affairs joined forces and refused to back the plan. Enterprise minister Mikael Damberg describes the decision as unfortunate.

Daily newspaper Dagens Nyheter is critical, suggesting Damberg’s proposal was inadequate in that it was focused on listed companies and did not include large companies such as the Bonnier group. A politician who is passionate about an issue must do all he/she can to get a bill through parliament, and this includes getting other parties to back the proposal, writes the paper’s Pia Gripenberg.

Quota targets not met

Slowly but surely the proportion of women on the boards of listed companies is increasing. However the target in the government’s threat, if 40% is not accomplished by the autumn quota legislation will be brought in, is not going to be met.

Annika Elias, chair of Ledarna, Sweden’s organisation for managers, says, “It is incomprehensible that Swedish companies cannot fix this once and for all and ensure that there is equality on company boards.”

According to the Allbright Foundation’s summary, so far, as 214 of 282 nomination committees have submitted their proposals, there looks set to be an average of 30 percent of women in the boardroom.