The European Union has walked back from a proposal to require all publicly listed companies in the EU to fill 40% of board seats with women, a measure meant to help a serious gender gap in company leadership in the 27-member bloc. But after resistance from companies and a ruling from the EU legal service that mandatory gender caps are illegal, Brussels is expected to announce on Nov. 14, a revised plan under which the quota is an objective but not mandatory. The plan is expected to focus on empowering individual states to boost gender balance on corporate boards, of which only 13.7% of positions are occupied by women, according to EU data. Italy, France, Spain and the Netherlands are already using national quotas systems.