(Bloomberg) Critics say it lacks both ambition and teeth.
Germany’s proposed bill to set quotas for women on executive boards is touted by its backers as a breakthrough for the country’s gender-equality push. Its detractors, however, point out that it will still leave Europe’s biggest economy with among the most male-dominated corporate suites in the developed world.
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Germany, whose Chancellor Angela Merkel is the longest-serving female head of state in the world, has one of the poorest records for promoting women in business in Europe. The quota bill asking companies to have at least one woman on their management boards will bump up the share of female executives to about 15%, taking Germany’s ranking to about 17 from 24 in the 27-member European Union, according to Boston Consulting Group.