Click the link to see the interview with Helena Morrissey, Chief Executive with Newton Investment Management, and founder of the 30% initiative (and who has 9 kids!):
Here is a really intelligent discussion of the business case for women taking more seats on the board. This follows a body of research (most recently from Cranfield University in the UK) that now points to the rather obvious fact that a balance of men and women is needed for better decision-making and risk assessment.
And, Ms Morrissey also suggests what women need to "seize the moment" to make change happen.
This is a real issue in Central and Eastern Europe where the percentage of women on boards is even lower than in the rest of Europe. Based on my own research on Poland's 'WIG 20', the number of women on boards is actually getting smaller (See table based on data gathered up to 2009).
The situation is somewhat better in Czech listed companies, which I think is due to the larger representation of Austrian owned businesses on the Prague Stock Exchange; influenced by recent legislation monitoring the number of women on the Board. 
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