Security - Check Permissions

MFDF - Mutual Fund Directors Forum - Germany Passes Gender Quota for Boards

Member Login



Request an account

Sample Banner 1

Germany Passes Gender Quota for Boards

Germany last week passed a law that will require that women fill at least 30 percent of board seats beginning next year. According to the New York Times, the law will apply to 100 companies and require an additional 3,500 to submit plans designed to increase the percentage of women-held board seats. The article notes that fewer than 20% of corporate board seats in Germany are held by women, similar to the 17% figure in the United States. The move aligns Germany with other European Union countries such as Spain, France, Iceland (all with 40% requirements), Italy (33%), Belgium (30%), and the Netherlands (30% non-binding). Some companies elsewhere, including Britain and the United States, have joined an organization called the 30% Club which seeks to raise the representation of women on boards above the 30 percent mark.