Boardroom Quota for Women
January 19, 2015
The Grand Coalition (CDU/CSU and SPD) in Germany agreed on a compulsory gender quota minimum of 30% women in the non-executive boards. Starting in 2016, a of the positions in those boards must be held by. This law will apply to companies with employee representation on the supervisory board.
Men still hold over 80% of the positions in German boardrooms. Just 7% of executive boardroom seats among the 30 largest companies on the blue chip DAX index are held by women. The number of women in non-supervisory board positions has declined over the past year, found a survey by the Women in Supervisory Boards (FidAR). In public companies, the number of supervisory board positions held by woman app. 9% over the least three years.
The quota itself was negotiated almost a year ago but other issues have held up a formal accord among the parties. Chancellor Angela Merkel’s conservative Christian Democrats (CDU) – and their Bavarian sister party the Christian Social Union (CSU) – have resisted legal quotas in the past.
The policy was championed by Merkel’s junior coalition partners, the Social Democrats (SPD).
Best regards
und viele Grüße aus Charlotte
Reinhard von Hennigs
www.bridgehouse.law
und viele Grüße aus Charlotte
Reinhard von Hennigs
www.bridgehouse.law
Posted in Uncategorized