13 Jan. 2022 11:56 o’clock
The EU Commission President Ursula von der Leyen is aiming for a legally binding 40 percent quota for women on the supervisory bodies of companies listed on the stock exchange. Under Chancellor Angela Merkel, the German government rejected such a project for Germany.
In Germany there has been a quota of women on supervisory boards since 2015, but this is only 30 percent and only applies to particularly large companies. At least one woman must sit on the executive boards of listed companies with at least four members.
A legislative proposal for a 40 percent quota for women has been in place for years and was drawn up under EU Justice Commissioner Viviane Reding in 2012. According to this, 40 percent of the members of the supervisory bodies in large listed companies would have to be women. Small and medium-sized companies are exempt from the rule. This was rejected under Chancellor Angela Merkel. In France, on the other hand, there is already a female quota of 40 percent in companies.
The EU Commission President Ursula von der Leyen hopes, in view of the change of government in Germany, that the project, which was rejected years ago, will now find approval in Berlin. Von der Leyen stated:
“It is time to take this dossier forward.”
Should the law come into force, there will be no penalties for violations. However, the companies would be asked to explain why they are not meeting the quota. Germany ranks tenth in the EU equality index. Policy action in the wake of the pandemic threatens progress across the EU. At the top of the index are Sweden and Denmark, followed by the Netherlands, Finland and France. In Germany, equality in the field of education is rated as poor. There is still an unequal concentration of women and men in some subjects and professions. Even special initiatives have so far not been able to change that.
More on the subject – Legal Opinion Against Patriarchy: According to the Basic Law, genders are mandatory for government agencies