Germany plans mandatory female quotas in top management
by WIN Admin — published in Press Releases
Germany is planning to introduce compulsory quotas for women in senior management as business has not performed on voluntary pledges to promote women, officials in Hamburg have said. A committee from ministries in four of the 16 states will draw up a plan that will apply to public companies listed on the stock exchanges, said Beate Merk, justice minister for the state of Bavaria.
'What we are focussing on is that women should no longer be seriously under-represented at leadership level in business,' she said.
A recent study by the German Economic Research Institute found fewer than 1 per cent of German chief executives, chief financial officers and other comparable executive board members at Germany's top 100 companies were women.
Source: Prowess