The Belgian Corporate Governance Commission (CGC) has implemented gender diversity into its governance code on a ‘comply or explain’ basis. Listed companies are encouraged to increase the number of women serving boards to at least 30% within seven years. The Confederation of British Industry sent a similar request last year in its submission to Lord Davies’ review into the shortage of women on UK company boards. (Belgium backs 30% gender target, PIRC Alerts, 1/25/2011. See also: Women on Board: The Norwegian Experience)
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