In Germany’s New Law, Women Mandatory On Companies’ Boards


2021-01-06 10:22:11

In Germany's New Law, Women Mandatory On Companies' Boards

Listed companies with 4 executives must appoint at least one woman. (Representational)

Berlin:

German listed companies must include women on their executive boards as part of a landmark bill agreed by the country’s coalition government Wednesday after voluntary efforts failed to close a gender gap.

Listed companies with four executives or more must appoint at least one woman to their boards, according to a draft law to be voted on by parliament.

The law sends “a very strong signal”, Justice Minister Christine Lambrecht told reporters, urging corporations to “take advantage of the opportunity presented by highly qualified women”.

“We can show that Germany is on the way to becoming a modern society fit for the future,” Family Affairs Minister Franziska Giffey said.

Germany, Europe’s top economy, fares relatively poorly in terms of representation of women in senior positions.

Just 12.8 per cent of management board members at Germany’s 30 largest listed companies — those in Frankfurt’s blue-chip DAX index — are women, according to the AllBright Foundation, which works to promote boardroom diversity.

By comparison, women take up 28.6 per cent of top roles in the United States, 24.5 per cent in Britain and 22.2 per cent in France, AllBright said.

Newsbeep

Female representation has fallen back in Germany during the coronavirus pandemic, the only major economy to see such a decline, with 11 DAX companies still led by all-male board executives, AllBright said in October.

Women earn an average 20 per cent less than men in Germany, compared with 14 per cent less across the European Union.

No DAX company is currently led by a woman, with pharmaceutical firm Merck set to break the country’s glass ceiling when Belen Garijo takes over in May.

Companies in which the government holds a majority stake will have stricter rules, with at least one woman on management boards with more than two members.

German research institute DIW said it welcomed the women’s quota but noted that female participation in management boards continues to move at a “snail’s pace”.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source link

107 Comments

  1. Jamesvem January 7, 2021
  2. Evamoism January 7, 2021
  3. Topflasklop January 7, 2021
  4. DelbertPrelo January 7, 2021
  5. Vibliokyzoolve January 7, 2021
  6. gratediarbellA January 7, 2021
  7. buy viagra amsterdam January 7, 2021
  8. Jamesvem January 7, 2021
  9. HacycauffWhette January 7, 2021
  10. online pharmacies January 7, 2021
  11. Kimmoism January 7, 2021
  12. celexa pharmacy January 7, 2021
  13. Jamesvem January 7, 2021
  14. Jamesvem January 7, 2021
  15. Owneddinilels January 7, 2021
  16. Jamesvem January 7, 2021
  17. HacycauffWhette January 7, 2021
  18. HacycauffWhette January 7, 2021
  19. Owneddinilels January 7, 2021
  20. Jamesvem January 7, 2021
  21. Jamesvem January 7, 2021
  22. Awdd55u January 7, 2021
  23. Vibliokyzoolve January 7, 2021
  24. Jamesvem January 7, 2021
  25. viagra for women in india January 7, 2021
  26. Esua59q January 7, 2021
  27. walmart viagra January 7, 2021
  28. Jamesvem January 7, 2021
  29. Jamesvem January 7, 2021
  30. canadian pharmacy January 7, 2021
  31. Jamesvem January 7, 2021
  32. Jamesvem January 7, 2021
  33. Itksugqu January 7, 2021
  34. canadian pharmacy January 7, 2021
  35. Topflasklop January 7, 2021
  36. Jamesvem January 7, 2021
  37. viagra tabs January 7, 2021
  38. Vibliokyzoolve January 7, 2021
  39. how to purchase atomoxetine 40 mgatomoxetine over the counter January 7, 2021
  40. Jamesvem January 7, 2021
  41. Janemoism January 7, 2021
  42. Vibliokyzoolve January 7, 2021
  43. Owneddinilels January 7, 2021
  44. Jamesvem January 7, 2021
  45. Kimmoism January 7, 2021
  46. Jamesvem January 7, 2021
  47. Topflasklop January 7, 2021
  48. buy flonase nasal spray January 7, 2021
  49. Vibliokyzoolve January 7, 2021
  50. Janemoism January 7, 2021
  51. Padbant January 7, 2021
  52. Jamesvem January 7, 2021
  53. zyvox uk January 7, 2021
  54. Ecxjmkf January 7, 2021
  55. Vibliokyzoolve January 7, 2021
  56. Jamesvem January 7, 2021
  57. canadian pharmacy January 7, 2021
  58. Jamesvem January 7, 2021
  59. order tolterodine 1mgtolterodine over the counter January 7, 2021
  60. cialis uk January 7, 2021
  61. HenryFug January 7, 2021
  62. canadian pharmacy January 7, 2021
  63. Jamesvem January 7, 2021
  64. plavix online pharmacy January 7, 2021
  65. Jamesvem January 7, 2021
  66. Jamesvem January 7, 2021
  67. Jamesvem January 7, 2021
  68. how to purchase voltaren 100mg January 7, 2021
  69. Imlhgwd January 7, 2021
  70. Jamesvem January 7, 2021
  71. imuran medication January 7, 2021
  72. Vibliokyzoolve January 7, 2021
  73. Jamesvem January 7, 2021
  74. Jamesvem January 7, 2021
  75. cozaar 50 mg without a doctor prescription January 7, 2021
  76. viagra online with amex January 7, 2021
  77. Jamesvem January 7, 2021
  78. Vibliokyzoolve January 7, 2021
  79. Oefwfdg January 7, 2021
  80. Owneddinilels January 7, 2021
  81. Jamesvem January 7, 2021
  82. Adsg75d January 7, 2021
  83. Topflasklop January 7, 2021
  84. Topflasklop January 7, 2021
  85. Jamesvem January 7, 2021
  86. cost of clonidine 0.1 mgclonidine without a prescription January 7, 2021
  87. Vibliokyzoolve January 7, 2021
  88. canadian pharmacy January 7, 2021
  89. Topflasklop January 7, 2021
  90. Jamesvem January 7, 2021
  91. gratediarbellA January 7, 2021
  92. cost of finasteride 5 mgfinasteride cheap January 7, 2021
  93. Kimmoism January 7, 2021
  94. citalopram 20mg without a doctor prescriptioncitalopram generic January 7, 2021
  95. lamotrigine 100mg medicationlamotrigine price January 7, 2021

Leave a Reply