French MPs approve quotas for more women in corporate management

The National Assembly voted for “real economic and professional equality” between men and women as part of a bill brought by President Emmanuel Macron’s LREM majority.Under the proposed law, companies employing more than 1,000 staff would be obliged to have at least 30 percent women among "senior managers and members of management bodies" by 2027, and 40 percent by 2030.The companies will initially have to publish yearly data on "the possible gaps in representation" between women and men at senior management level. Failure to reach the goals could lead to fines.