Posts Tagged 'Quotas'

Seeking German Women for Boardrooms as Quotas Near

by Tino Andresen and Birgit Jennen for Bloomberg

Time is running out for Ulrich Lehner, the supervisory board chairman of German steelmaker ThyssenKrupp AG, as lawmakers prepare to enforce female quotas in corporate boardrooms.

The number of women on the board that oversees ThyssenKrupp’s executives is set to rise to four of a total 20 after a shareholder meeting today, short of the 30 percent minimum that will be required. Starting in 2016, more than 100 of the country’s biggest listed companies will be forced to choose women when filling vacant supervisory board seats to reach the threshold. This year, smaller firms must set their own targets and publicize plans to achieve these.

“Good women are a rare commodity” for supervisory boards, Lehner told journalists in Dusseldorf on Jan. 27. “Where will these women come from who are suitable to take up supervisory board positions? They come from the same places as suitable men come from, from occupations that qualify them to supervise companies.” Read more here.

Why having quotas may hurt women in the corporate boardroom

by Catherine Rampell for The Washington Post

Women deserve more seats in the highest corporate echelons. But a mandate is the wrong way to get there.

Germany seems to disagree. After months of debate, the German cabinet last week imposed a quota for women on big companies’ boards. The policy was a response to the fact that women are currently underrepresented in leadership positions: They comprise 46 percent of the labor force but hold just 15 percent of supervisory-board seats at Germany’s 200 biggest companies.

Germany is not the first to implement such a policy; Norway instituted corporate board quotas several years ago. France, Spain, Italy and the Netherlands followed suit. There is periodic agitation forimporting such policies to the United States , too. Read more here.


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