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Germany: New law requires companies to give 30% of seats on non-executive boards to women
Author: Reuters, Published on: 11 March 2015
"Germany passes gender quota legislation for the boardroom", 6 Mar 2015
Germany’s lower house of parliament has passed legislation requiring large companies to allocate 30% of seats on non-executive boards to women...The new quotas come into force from 2016 and will affect more than 100 listed companies with employee representation on their supervisory boards. A further 3,500 medium-sized companies will have to determine their own quota for executive and supervisory board seats...Some companies have already moved to bolster female leadership in recent years as the issue gained traction. Deutsche Telekom, Munich Re and Adidas are among those where at least 30% of supervisory board seats are occupied by women...