European Employment Law Update — women on boards: Germany
According to recently published studies, the proportion of women on supervisory boards of the 160 companies listed in the German stock exchange (DAX, MDAX, SDAX and TecDAX) currently amounts to only 17.4 per cent. Even lower is the number of women on the management boards of these companies: in September 2013, only 6.1 per cent of the members of the management boards were female. This means Germany has one of the lowest levels of female corporate representation in the developed world. As a result, the subject of gender diversity in supervisory and management boards has been a topic of public interest in Germany for the last few years.
Under German law, there is currently no legally binding quota for women on supervisory and management boards. However, the coalition in its labour law agenda 2014–17, published on 27 November 2013, agreed to introduce a legal quota for women on supervisory boards…
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