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    Louise glennon, from the national womens council of ireland and the european womens lobby, stressed during her presentation that women should not be excluded from economic decision-making and that there is extensive evidence demonstrating that companies that embrace diversity and equality yield great profits. . Ambitious yet necessary is the 40 target for women on non-executive boards of publicly listed companies,  was the conclusion of the event organized by the mediterranean institute of gender studies and the european parliament office in cyprus, in cooperation with cyprus federation of business and professional women on women in company boards promotion of the eu directive. Directive is to renew the lists of candidates and to attract new talent, particularly women, she said, noting that the 40 target by 2020 is not simply a sterile quota but foresees structural changes for more transparent recruitment procedures for the election of members of company boards, based on merit. The european parliament is convinced that the directive will not only improve corporate governance but will accelerate recovery of the european economy. She stressed that the directive that was adopted by the european parliament last november has huge symbolic value for a contemporary european society and invited the council of the eu to meet the expectations of european citizens for a greater equality. Finally, leonidas pashalides of the cyprus chamber of commerce agreed that womens participation in company boards can yield significant results, and stressed that women however, he expressed disagreement with the imposition of a quota, and believed that targets on gender equality on boards would be best achieved through self-regulation mechanisms. Alexandra attalidou, acting head of the european parliament office in cyprus, said in cyprus women represent only 7.

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