Last month, there was great rejoicing as women in the United States officially gained back the 2 million-plus jobs they lost since the start of the pandemic. Yet as it turns out, that milestone masked a much larger, more troubling trend: women's participation rate in the workplace remains stubbornly stalled at about 77 percent.
Under the rules approved by the European Commission, listed companies that have a registered office in an EU country would be required to aim to have 40 percent of their non-executive director positions held by women by 2027. Companies that fail to meet the targets by 2027 would be required to put in place new direct selection systems to achieve the required gender balance.