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After coalition agreement: Siemens Energy introduces a quota for women

2020-11-24T02:09:38.119Z


Following the agreement of the grand coalition on a higher proportion of women on executive boards, the Siemens subsidiary created facts. In the Union, meanwhile, there is resistance to the quota.


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Siemens Energy headquarters in Berlin: The Siemens subsidiary wants to increase the proportion of women in top management to 25 percent by 2025

Photo: Soeren Stache / dpa

Following the agreement of the grand coalition on a quota for women on company boards, the electrical and energy company Siemens Energy decided on such a quota.

The company announced that it would "increase the proportion of women on the first and second management level to 25 percent by 2025 and to 30 percent by 2030".

In addition, CFO Maria Ferraro was appointed to the newly created position of Inclusion and Diversity on Monday.

On Friday evening, the black-red coalition agreed in principle to introduce a binding quota for women on executive boards.

As a result, at least one member of the executive boards of listed companies with equal co-determination and with more than three members must be a woman after a new appointment.

The agreement is to be presented to the coalition leaders in the coming days so that they can make a final decision.

But now shows resistance within the Union faction.

Here the so-called economic wing announced resistance to the quota: "We need a stop sign in order not to question the free-social market economy through even more overregulation. We will therefore do everything we can to prevent this board quota," said the vice-president of the middle class parliamentary group (PKM), Hans Michelbach (CSU), the "Saarbrücker Zeitung".

The Federation of German Industries (BDI) was also skeptical.

"It is a major encroachment on entrepreneurial freedom," it said.

"The tendency to always want to correct socio-political imbalances through the economy and its companies must by no means become the rule."

BDI executive board member Iris Plöger called for the planned specifications "to be linked in a balanced compromise".

Specifically, this means "to extend the transition periods for companies as much as possible".

On the other hand, there was support from the union side.

The head of the German Trade Union Federation (DGB), Reiner Hoffmann, described the agreement as "overdue".

"It is just embarrassing to claim the opposite after years of apparently ineffective business commitments."

Hoffmann called the government's goal "modest" and demanded: "Especially on larger executive boards, women must at least be represented according to their representation in the company."

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Source: spiegel

All business articles on 2020-11-24

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