Germany adopts ‘frauenquote’ for women in non-executive jobs
19 November 2013
Germany’s listed firms will have to adhere to a new 30% quota - ‘Frauenquote’ - for women on their supervisory boards from 2016.
Tue, 19 Nov 2013Germany’s listed firms will have to adhere to a new 30% quota - ‘Frauenquote’ - for women on their supervisory boards from 2016.
This comes after the country’s politicians rejected a similar measure in April.
Public companies in Germany have supervisory boards made up of non-executives, who supervise the work of the executive ‘management board’. This latter board is not affected by the new laws.
Companies will also be required to publish plans for increasing female involvement at the top.
As of September this year, 6% of management board members in German listed firms were female, compared with 17% on supervisory board, according to women’s business group Fidar.
According to the UK’s Guardian newspaper, the country’s four biggest car makers – BMW, Daimler, Opel and Volkswagen – have threatened to take business overseas if forced to comply.
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This comes after the country’s politicians rejected a similar measure in April.
Public companies in Germany have supervisory boards made up of non-executives, who supervise the work of the executive ‘management board’. This latter board is not affected by the new laws.
Companies will also be required to publish plans for increasing female involvement at the top.
As of September this year, 6% of management board members in German listed firms were female, compared with 17% on supervisory board, according to women’s business group Fidar.
According to the UK’s Guardian newspaper, the country’s four biggest car makers – BMW, Daimler, Opel and Volkswagen – have threatened to take business overseas if forced to comply.
Click for more executive recruitment news and views from recruiter.co.uk
