Germany’s leading companies will need to have at least 30 percent women on their supervisory boards from 2016, according to a new directive being adopted by the government, Chancellor Anglela Merkel announced.<\/p>\n
The leaders of Germany’s Social Democrats and Merkel’s conservative bloc agreed on the measure at a late-night meeting Tuesday. A bill will be put to Cabinet on Dec. 11.<\/p>\n
Currently, women hold just 22 percent of non-executive positions on the boards of companies listed in Germany’s benchmark DAX 30 index, according to Economy Ministry\u00a0 figures. They hold just six percent of management board posts.<\/p>\n
The new plan will affect 100 listed companies starting 2016. Companies that fail to recruit enough women to non-executive boardroom posts will be barred from giving vacant seats to men.<\/p>\n
Introducing a women’s quota was one of the center-left Social Democrats’ demands for entering into a coalition with Merkel’s conservatives.<\/p>\n
Germany has lagged far behind other European countries in terms of female representation in the boardroom. Norway, Spain, Iceland and France already have similar quota requirements.<\/p>\n
Germany’s leading companies will need to have at least 30 percent women on their supervisory boards from 2016, according to a new directive being adopted by the government, Chancellor Anglela Merkel announced. The leaders of Germany’s Social Democrats and Merkel’s … Continue reading ![\"Women](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Women-on-Boards2.jpg\")
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