Mandatory Quota Requiring Female Board Members in Germany

The German government is preparing to introduce a mandatory quota requiring a percentage of women to work as senior management for publicly traded corporations.

Mandatory Quota Requiring Female Board Members in Germany

The German government is preparing to introduce a mandatory quota requiring a percentage of women to work as senior management for publicly traded corporations.

The deal was struck on Friday with Angela Merkel’s party of Christian Democrats in cooperation with the Social Democrats. The quota will require management boards having more than three members to include at least one woman.

A recent study has found that women have less representation in Germany when compared to other countries.

The study reported that women only account for 12.8% of the management board personnel in the 30 largest German companies that are listed on the Dax index. This data is reported in a September survey by a Swedish-German company, the AllBright foundation. The figure compares with 28.6% in the US, 24.5% in the UK and 22.2% in France, the study said.

The deal also includes a quota requiring that a minimum of 30% representation be given to women for those serving on supervisory boards for companies that the federal government holds a majority shareholding.

The German government plans to further introduce quotas for “corporations under public law” which include health insurance companies, pension and accident insurance institutions, as well as the Federal Employment Agency.

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