Push for more women on German company boards loses momentum in 2022 - study
Reuters
Published Jan 18, 2023 04:34AM ET
BERLIN (Reuters) - The proportion of women on the executive and supervisory boards of large companies in Germany continued to grow in 2022 but at a slower rate than the previous year, according to a study published on Wednesday.
The study, conducted by the DIW research institute with the Freie Universitaet Berlin, found that the proportion of women on the executive boards of the top 200 companies in Germany was 15.6% in 2022, up from 14.7% in 2021.
On supervisory boards, women made up 30.9% of members, up slightly from 30.4% in 2021.
The small increase was attributed to a loss of momentum after a statutory minimum requirement was introduced in 2021 for women on executive boards. This required listed companies with full co-determination and an executive board with at least four members to have to have at least one female board member.
This requirement applies to around 60 companies in Germany and in their case, women made up 19.0% of executive board members, the DIW said.
The quota is having an effect, said Katharina Wrohlich, head of the gender economics research group at DIW Berlin. "But even with the legal requirement, getting to gender parity is a long-distance run rather than a sprint," she said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.