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How do this quotas, with harsh penalties, work in practice in this example : 1. company have all male board members 2. company is great and successful and not
by ssijak 9y ago
How do this quotas, with harsh penalties, work in practice in this example :
1. company have all male board members
2. company is great and successful and not one of the board members want to switch the job
3. deadline for quota is approaching
Do the company now need to fire 30% of this guys and is it a valid reason for firing (company can`t get sued)?
- shaki-dora 9y ago> Do the company now need to fire 30% of this guys and is it a valid reason for firing (company can`t get sued)? There was a five-year period for the changeover, so under most circumstances, natural fluctuation would have eliminated all need for firing. Some companies could have also had the possibility to increase the board's size. But yes, ultimately some firings may have been required. But note that a seat on the board isn't much like a typical job. Board members almost always have a real job, are retired, or sit on multiple boards.
- abusoufiyan 9y agoI don't know how boards work, but can't they just expand the number of seats on the board?