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Women's quota on supervisory boards: Ursula von der Leyen wants a new approach

2022-01-13T06:52:44.298Z


The head of the EU Commission wants to make a proportion of 40 percent women in control bodies of listed companies in the EU compulsory. With the change of government in Germany, she hopes for a majority.


Enlarge image

Male and female bosses (symbol picture): European quota for women planned for supervisory boards since 2012

Photo: Oliver Berg / dpa

So far, several EU countries have refused to introduce a 40 percent quota for women on supervisory boards.

Including: Germany.

After the change of government in this country, EU Commission head Ursula von der Leyen hopes, according to a newspaper report, for a majority for such a Europe-wide requirement in the control bodies of large companies.

As the "Financial Times" reported, a legislative proposal that was put on hold years ago is to be revived.

According to this, at least 40 percent of the supervisory boards of listed companies should be made up of women in the future.

Small and medium-sized companies should not be affected, however.

With the new traffic light coalition of the SPD, Greens and FDP there is hope that Germany will give up its resistance, said the CDU politician, according to the report.

“It is time to take this dossier forward.” The background to this is a draft that was discussed ten years ago.

Under the then EU Justice Commissioner Viviane Reding, there was a corresponding initiative in 2012, which, however, was rejected by the German government under ex-Chancellor Angela Merkel (also CDU).

At that time, only 15.6 percent of supervisory boards in Germany were women.

There was no sufficient majority among the EU countries.

Von der Leyen was in Merkel's cabinet at the time.

National quotas for women can be circumvented

Since 2015 there has been a women's quota for supervisory boards in Germany - 30 percent for particularly large companies.

In addition, the former grand coalition of the Union and the SPD agreed on a quota for board members shortly before the summer break last year.

According to this, at least one woman must sit on the executive boards of listed companies if the board consists of four or more members.

So far, however, companies have been able to circumvent these national quotas for women,

for example by choosing a European legal form, the

Societas Europaea .

In addition to the change of government, the EU Commission is now also hoping for a tailwind from France, which has held the EU Council Presidency since January 1st.

A gender quota was introduced in companies there in 2011, which has been 40 percent since 2017.

The EU Commission's proposal, which has now been discussed again, does not provide for any sanctions for companies that do not comply with the quota.

But you have to explain why you fail to meet the requirement.

In addition, EU countries could impose penalties at national level.

If there is now a majority among the EU countries, the European Parliament has to agree.

The women's quota is intended to help bring more women into management positions.

How it affects women's earnings is unclear.

So far, female top managers have often been paid significantly better than men - because there are not that many of them.

apr / dpa

Source: spiegel

All business articles on 2022-01-13

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