> so are they also fining all those companies that have too many men in senior positions?
Yes, they are, because City of Paris is fined "in violation of a rule that dictated at least 40% of government positions should go to people of each gender."
I can only guess that they put limits on promotion rates in order to make the senior management more equitable over time as the current leadership retires, rather than force termoil through rapid replacement of leadership across many many roles at the same time. The intention was to put a cap on the percentage of men that get newly promoted into those roles, but the law was written in a gender-neutral way.
It’s going to be a pendulum for some time. All for D&I but my employer (a large consulting firm) is touting 75% female leadership now and showing no signs of slowing.
> Since 2019, French law provides a waiver to the 40% rule if the new hires do not lead to an overall gender imbalance, Le Monde explains. That's the case for the city of Paris, according to the newspaper: Women still make up just 47% of senior executives on its government. And female city officials are paid 6% less than their male counterparts.