http://edition.cnn.com/2005/WORLD/europe/04/05/norway.women.reut/index.htmlWomen forced onto Norway boards
Wednesday, April 6, 2005 Posted: 1017 GMT (1817 HKT)
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Women hold more than 40 per cent of seats in the cabinet of PM Bondevik.
OSLO, Norway (Reuters) -- Norway will shut companies that refuse to recruit at least 40 percent women to their boards by 2007 under an unprecedented equality drive, a cabinet minister said on Tuesday.
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Norway's parliament told firms in 2002 to ensure at least 40 percent of each sex in boardrooms by mid-2005 to force corporate leadership to match Nordic traditions of sex equality elsewhere in society.
Before Tuesday, however, Oslo had not spelt out sanctions for non-compliance. Many companies denounce the scheme as the toughest corporate sex equality goal in the world.
"Since 2002 the percentage of women in boards has risen to only 11 percent from six," Daavoey said. "Yet there are thousands of qualified women out there -- companies can choose from half the adult population."
Many European nations have more women in boardrooms than Norway and the male bastion is a paradox for a country where 40 percent of the cabinet of Prime Minister Kjell Magne Bondevik and 37 percent of parliamentarians are women.
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