Coalition basically agreed – women’s quota for board members should come
| Reading time: 2 minutes
After a long struggle, the coalition has agreed to expand the statutory quota for women. In future, at least one woman should be represented on larger boards. Minister for Women Giffey speaks of a “historic breakthrough”.
D.he statutory quota for women should also apply to board members of large companies. The Union and the SPD agreed on this on Friday evening in a working group set up by the black-red coalition committee. The Second Management Positions Act presented by Justice Minister Christine Lambrecht and Women’s Minister Franziska Giffey (both SPD) provides for the first time binding requirements for more women on executive boards.
In the future, at least one member of the executive boards of listed and jointly determined companies with more than three members must be a woman. A supervisory board quota of at least 30 percent and a minimum participation in executive boards were agreed for companies with a majority stake by the federal government.
A minimum participation is also to be introduced for corporations under public law such as health insurance companies and pension and accident insurance institutions as well as the Federal Employment Agency.
Giffey spoke of a “historic breakthrough” that evening. “We are putting an end to women-free boardrooms in large companies. We are setting an example for a sustainable, modern society, ”said the Minister for Women. This success was achieved together with many committed women from civil society, business, science and culture. “Penetrance creates acceptance – this sentence has come true again today.”
Women contribute to the company’s success with high qualifications and performance, added Lambrecht. “Franziska Giffey and I have fought for a long time to ensure that this is finally reflected appropriately in the management levels of the company.”
“Mixed teams are a recipe for success”
The chairwoman of the Women’s Union, Annette Widmann-Mautz (CDU), said that the agreement had cleared an important hurdle for the executive positions law: “Mixed teams are a recipe for success – not just in times of crisis.” On the way to more women at the The federal government is setting a good example: in the public sector, in companies with a majority federal participation and the health insurance companies.
The result of the working group is to be presented to the coalition leaders for a final decision next week. Immediately afterwards the coordination of departments and the participation of the federal states and associations should be initiated, it said. The cabinet decision could then be made “promptly”.
The women’s quota for board members had been highly controversial within the coalition. After the CSU boss Markus Söder had recently campaigned for it publicly, the resistance in the Union faction had crumbled.