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Improving equality between women and men is essential to the EU's response to the current economic crisis, according to the European Commission's latest annual report on gender equality.
The report looks at progress over the past year in tackling the remaining gaps between women and men in employment, the economy and society in general. While some progress has been made in increasing the number of women in top jobs in business and in narrowing the gender pay gap, major challenges remain.
EU countries need to get more women into the labour market if they are to meet the EU's overall objective of 75% employment rate for all adults by 2020. One of the way's of improving Europe's competitiveness is to obtain better balance between women and men in economic decision-making positions. Studies have shown that gender diversity pays off and companies with higher percentages of women on corporate boards perform better than those with all-male boards.