German listed companies must include women on their executive boards as part of a landmark bill agreed by the country’s coalition government on Wednesday after voluntary efforts failed to close a gender gap.
Listed companies with four executives or more must appoint at least one woman to their boards, according to a draft law to be voted on by parliament.
The law sends “a very strong signal”, Justice Minister Christine Lambrecht told reporters, urging corporations to “take advantage of the opportunity presented by highly qualified women”.
“We can show that Germany is on the way to becoming a modern society fit for the future,” Family Affairs Minister Franziska Giffey said.
Kabinett beschließt Mindestzahl von Frauen für Vorstände | Aktuell Deutschland | DW
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Kommentar: Whistleblower sollen in Deutschland geschützt werden - Politik: Aktuelle Nachrichten und Berichte
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