German Parliament
German Parliament

dpa/GNA – The German parliament was debating a draft law on Thursday that would enshrine a quota to ensure that there are more women on company boards in the country.

Under the legislation, listed companies with more than three executives on their boards must have at least one female boss at that top level.

The rule would be even stricter for companies in which the federal government holds a majority stake. Here, the rule would be to have a woman on the board even if it is made up of just three people.

Companies would also have to provide specific reasons if they plan to have no women on their executive board, the two top management levels below the executive board and the supervisory board, and sanctions for violating reporting requirements are to become stricter.

Family Minister Franziska Giffey told parliament that the proportion of women on executive boards currently stood at just over 10 per cent, which she referred to as shameful by international comparison.

The opposition criticized the draft law, with the far-right Alternative for Germany (AfD) accusing the government of using state interventionism to enforce ideological ideas.

The pro-business FDP said the quota would represent interference in entrepreneurial freedom, and called instead for better conditions for the compatibility of work and family.

Supervisory boards are already subject to a quota in Germany. Companies of a certain size, generally with a workforce of more than 2,000, must have women in 30 per cent of the positions on their supervisory boards.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleArmenians rally as premier accuses military of coup attempt
Next articleGermany raids target Islamist group linked to Berlin market attacker
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here