Govt to Shut Firms with Too Few Women

Reuters, Apr. 6

Norway will shut companies that refuse to recruit at least 40 per cent women to their boards by 2007 under an unprecedented equality drive, a cabinet minister said.

“Companies have been dragging their feet. They really have to recruit more women,” Children and Family Affairs Minister Laila Daavoey said. “In the very worst case, they will face closure.”

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“Since 2002 the percentage of women in boards has risen to only 11 per cent from six,” Ms Daavoey said. “Yet there are thousands of qualified women out there—companies can choose from half the adult population.”

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She said the threat of closure was meant as a spur.

“I don’t believe that companies will get into a situation where they risk closure. Companies will obviously find women,” she said.

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