- In a move to democratize the financial space, the United Kingdom has innovated to include at least 40 % of women on company Boards. Every Company must have at least one woman, as its Chief Operating Officer, Chief Executive Officer, or another parallel position.
- As of now, Women in the UK constitute 39.1% of the position on the top management Board. A move to make it mandatory to have 40%, would echo their cause in the financial space.
- India’s workforce participation is skewed with only 24.9% of women participating. Thus a move like this would push the developing countries to elevate women on the company boards. It will help diversify the work culture and would breed a talented pool of individuals.
Question:
Q.1 Which country has made it mandatory to have 40% women on company boards?a. India
b. USA
c. Belarus
d. UK
