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More Female Directors Wanted

Quotas in Europe may mean 1,000 openings; U.S. women send resumes.

By Jeff Green, Bloomberg | Updated on October 24, 2011

European companies may be soon be looking for hundreds of female directors to fill quotas, prompting American executives to send their resumes across the Atlantic.

At least ten European countries, including Norway, France and Spain, have approved quotas or corporate-governance codes for women representation on boards, or are considering them. That may require more than 1,000 new female directors in the next three to five years, based on a 2010 report covering 334 companies in 17 countries by executive recruiting firm Russell Reynolds Associates.

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