Chantal Phillips

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The European Parliament passed a resolution to adopt, with certain amendments, the Commission’s proposal for a directive on gender balance among non-executive directors (“NEDs”) of listed companies on 20 November 2013 (the “Resolution”). The Directive would not apply to small and medium-sized enterprises (“SMEs”). The Resolution confirms the Article 4(1) obligation that listed companies, where the under-represented sex represents less than 40% of NED board positions, should make appointments on the basis of a comparative…