Germany mandates boardroom quota for female executives

Germany’s government has agreed to introduce a mandatory quota for women in senior management positions in the country’s listed companies.

The deal, which was agreed on by Angela Merkel’s Christian Democrats and coalition partner the Social Democrats, will mandate that as soon as a listed company has more than three board members, at least one must be a woman.

As part of the deal, 30 per cent of board members in companies where the government holds a majority stake, must be women. A quota for women will also be introduced for “corporations under public law”, such as health insurance companies.

Source: Germany mandates boardroom quota for female executives

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