Composition of corporate boards shows very low presence of women at nearly all developed countries, although women represent more than half university graduates and more than half labour force in this part of the world. Also, several studies show better financial results of companies that have women actively present on boards. The paper presents situation at key world markets, with special focus on Romania and Bulgaria within the European perspective. The paper demonstrates that the number of women on boards has declining trend in Romania and Bulgaria. Consequently, the paper suggests implementation of provisions to reverse the trend and to reach proposed quota by European Commission of 40% of women on corporate boards.