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Telecom management (archive image): More women in management positions
Photo: Oliver Berg / dpa
When it comes to equal rights in management, many companies in Germany still have a lot of catching up to do.
But at least something is happening: even before the planned statutory quota for women comes into force, large corporations are appointing more women to the boardroom.
This is shown by an evaluation by HR consultancy Russell Reynolds.
Accordingly, the proportion of women on the executive board of the 30 largest listed companies in Germany reached a new high of 15.3 percent in January.
If you add the new appointments that have already been made for this year, "the proportion of women in the Dax is 16.9 percent - the fastest increase in the last ten years".
Since the turn of the year, three DAX companies have had more than 30 percent women on the board for the first time: Deutsche Telekom, the software company SAP and the insurer Allianz.
According to the study, eight DAX companies do not yet have a woman on their board.
The number will decrease to six by April because Bayer and Eon are now appointing women to their boards.
The Federal Cabinet has passed a bill that requires at least one woman to sit on the boards of stock corporations with more than three members.
The law is to be passed before the general election.
The rapid increase in the proportion of women could, however, be slowed down by the expansion of the Dax to 40 members in September: The companies currently traded as Dax climbers would reduce the rate from 16.9 to 15.4 percent.
According to Russell Reynolds, the M-Dax, the stock exchange index for medium-sized stock corporations, also had the highest proportion of women to date, at 11 percent.
"We see a similar development as shortly before the entry into force of the women's quota for supervisory boards in 2015: In the run-up, the proportion of newly elected women rose sharply," said the Russell Reynolds manager Jens-Thomas Pietralla.
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