CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Outrageous: Germany will require companies to put women executives on their boards Tue Nov 24, 2020 6:52 am | |
| Germany's coalition government has agreed to a mandatory quota for women on the boards of listed companies in what's being hailed as a landmark moment for Europe's biggest economy.
Listed companies with management boards of more than three executives must appoint at least one woman to the C-suite, according to a statement Friday by Germany's ministry for family affairs, senior citizens, women and youth. A final decision on the new measure is expected next week.
"We are putting an end to women-free boardrooms at large companies," said Franziska Giffey, the minister for women and families, who described the decision as a "historic breakthrough."
Janina Kugel, the former chief human resources officer at Siemens (SIEGY), was among several prominent women leaders and campaigners in Germany who welcomed the news. Jutta Allmendinger, president of the WZB Berlin Social Science Center, said the decision was "historic."
https://edition.cnn.com/2020/11/23/business/germany-quotas-women-boards/index.html
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