It seemed just too difficult, too corageous and brave. A work of so many years. So many “no’s”, so many “it’s impossible”…
Finally, Italy did it and set a good example.
Italy’s law on gender diversity for Board of Directors of listed companies (Law n. 120/2011, dated 12 July 2011, the so-called “Golfo Mosca Law”), comes into force tomorrow, 12 August 2012.
Starting tomorrow, in essence, Italian listed or State controlled companies will need to appoint a fifth (to become a third at the following mandate) of board members as part of the “under represented gender”.
Even before tomorrow, this law has been implemented earlier by a number of Italian corporates, during the Annual General Meeting season of 2012: exceptional women were selected, overall corporate governance improved. Italian companies have rightly taken it as a great opportunity to make better use of their Boards, on the basis of more merit and competency-based selection.
I have separately described this as a great sign of good things coming and more to come.
Here, I want to take a moment to celebrate the coming into force of this law as a reason for hope.
With this, I celebrate the work of Lella Golfo and Alessia Mosca, two outstanding ladies whose own differences were turned into a joint strength. With them, I celebrate all the very many exceptional female leaders, whose talent is already making a difference for the better in Italy and in Europe.