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I.\u00a0 SWITZERLAND ADOPTS QUOTA FOR WOMEN BOARD DIRECTORS<\/strong><\/em><\/p>\n The law asks companies to set a target of 30% women\u2019s representation on their Boards of Directors and 20% of the Management Board to be female, over the next five and ten years respectively<\/strong>.\u00a0\u00a0 According to the 2018 Schilling Report on Gender Diversity, the percentage of women directors of the top 100 Swiss companies stood at 19% at the end of 2017, which places Switzerland behind the regional average of 21.4%. In addition, women\u2019s presence in senior executive roles comes to a mere 7%.<\/p>\n Failure to reach the targets, however, does not come with strict sanctions.\u00a0 If a company does not reach the quota, it must explain why it has not complied, but does not suffer any penalties. Swiss Minister of Justice Simonetta Sommaruga, who cast the one vote margin to the law\u2019s passage, remarked that the mere mention of the word \u201cquota\u201d represents a major leap forward. (swissinfo.ch, \u201cParliament Approves Gender Quotas for Big Business\u201d, 6\/14\/18)<\/p>\n![\"\"](\"https:\/\/globewomen.org\/globalsummit\/wp-content\/uploads\/2018\/09\/June-eNewsletter-pic-1.png\")
By a one vote margin in its Parliament earlier this week, Switzerland became the 25th<\/sup> country to pass a legislative quota for women on boards<\/strong>.\u00a0 The decision, which passed 95-94 in the Swiss House of Representatives, affects about 250 large publicly-listed companies in the country.<\/p>\n
![click here<\/a>. \u00a0<\/em><\/strong><\/p>\nII. ADVICE FROM WOMEN CEOs AT THE 2018 GLOBAL SUMMIT OF WOMEN<\/em><\/strong><\/p>\nThe 2018 Global Summit of Women in Sydney, Australia, which brought together over 1,200 women leaders in business and government from 65 countries, featured a Women CEO Forum focused on \u201cDefining the Workplace of the Future.\u00a0 <\/em><\/strong>Moderated by Summit President Irene Natividad, the Forum\u2019s panelists spanned countries and industries: Susan Lloyd-Hurwitz, CEO & Managing Director of Mirvac Group<\/em><\/strong>, an Australian real estate investment group; Ines Juste, CEO of the Spanish pharmaceutical company Grupo Juste<\/em><\/strong>; Colleen Neville, CEO of New Zealand investment company Te Arawa Group Holdings Ltd.; <\/em><\/strong>and Maggie Henriquez, President & CEO of Krug Champagne.<\/em><\/strong><\/p>\nWhile acknowledging that the jobs of the future will be fundamentally different given the rise of technology that will impact what and how we do work, all these corporate leaders were surprisingly unanimous in their emphasis on the continuing need for \u2018soft\u2019 skills that must remain in order to be effective.<\/p>\nLloyd-Hurwitz emphasized the importance of empathy, courage and moral conviction as qualities needed in the workplace now and in the future.\u00a0 This need for positive personal qualities was echoed by Ines Juste of Grupo Juste, who said that it is not enough to have employees with great technical skills, \u201cit is important to have employees who share in your values.\u201d<\/p>\nRegarding advice they would give to women entering the workforce, Henriquez of Krug strongly urged to \u201cnever negotiate your values and live in gratitude because in gratitude you flow and when you flow, things happen.\u201d\u00a0 Neville from New Zealand stressed that you must \u201clook after your reputation and keep your integrity.\u201d \u00a0(Watch Session Highlights Below)<\/strong><\/span><\/p>\n](\"http:\/\/globewomen.org\/CWDInet\/wp-content\/uploads\/2018\/06\/June-2018-Quota-Chart.jpg\"){kind=link}