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Merkel s Reign Has Done Little to Help Germany s Working Women
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Frauen im Vorstand: Koalition macht Weg frei für Frauenquote und Familienauszeiten in Vorständen
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By Reuters Staff
3 Min Read
BERLIN (Reuters) - The number of women in German boardrooms is only rising slowly despite legal quotas and many large listed German companies have no women on their management teams, a study showed on Thursday.
FILE PHOTO: German Justice Minister Christine Lambrecht arrives for questioning by a German federal parliament committee investigating the payment systems provider Wirecard scandal in Berlin, Germany, April 21, 2021. Bernd von Jutrczenka/Pool via REUTERS/File Photo
Of the 66 listed firms subject to a new quota for executive management, including 30 on the DAX blue-chip index, 25 have no women on the board and 12 have no plan yet to change this, the Women on Supervisory Boards (FidAR) initiative said.
(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.