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Viviane Reding, Vice-President of the European Union and Commissioner for Justice, Citizenship and Fundamental Rights, yesterday announced that the European Commission has agreed a proposed new law setting a target that by 2020 40% of non-executive directors of larger European publicly listed companies should be women. Public undertaking will have until 2018 to comply.

This week, the Antitrust Division announced the resignation of seven directors from their corporate board positions in response to concerns their service may have violated Section 8...