Parliament rejects quotas for women
Riksdagen, Sweden's parliament has rejected plans to introduce legislation that would fine listed companies who fail to appoint women to at least 40% of board seats.
The social democratic government announced in September 2016 that it was drafting the legislation, but the center-right opposition and a far-right party, which together hold a majority in parliament, told parliament’s law review committee in January that they would not support the project.
“The current gender distribution on the boards of listed companies is not satisfactory. However, the committee thinks a more even gender distribution should be encouraged through other means than legislation,” parliament summarised on its website.
“I regret it … We’re advancing very slowly towards gender equality in the boardroom,” the enterprise minister, Mikael Damberg, of the Social Democrats, told Swedish media.