Brussels, 19/06/2014 (Agence Europe) - With the proposed European directive for a quota of 40% of women on company boards treading water in European diplomatic circles, the Greek Presidency has had to content itself with presenting a progress report. This quota, which would apply only to non-executive posts on the boards of directors of European companies quoted on the stock exchange, starting from 2020, still has the Council divided - not so much on the aim of putting more women on company boards, but on how to achieve this. The reservations of the most reluctant delegations relate to the legal basis, but also to the procedure. A number of delegations are concerned by the provisions on the selection process for the candidates. Lastly, other delegations also had criticism of the option for member states to choose a quota of 33%, but which will apply to executive positions as well as non-executive ones. The group of countries which most oppose the draft directive would like to stick to national measures on the grounds of subsidiarity. (MD)