study
The proportion of women on DAX executive boards has risen to around 23 percent.

Only four companies on the DAX do not yet have a woman on the board, a Russell Reynolds consultant said.  Photo: Anna

Only four companies on the DAX do not yet have a woman on the board, a Russell Reynolds consultant said. Photo

© Annette Riedl/dpa

In the last year, more women than men have been appointed to the executive boards of German companies, according to a human resources consultancy. Only four DAX companies still do not have a woman on the board.

the proportion of women on the executive boards of the 40 largest listed German companies increased from 19 to 22.7 percent last year. This is the result of an assessment by personnel consultant Russell Reynolds as of January 1, which was released over the weekend. In the last year, more women than men have been appointed to the board. Two DAX companies, Siemens Healthineers and Fresenius Medical Care, are even 50 percent women.

The law, which requires listed and equally co-determined companies with more than three board members to have at least one woman on the board, works quickly and clearly, consultant Jens-Thomas Pietralla said. only four more DAX-Companies would not have women on the board of directors. Half of the board members were recruited from within their own ranks. More women would also be appointed to positions with responsibility for earnings rather than primarily to the human resources department, as was the case previously. This shows “that the cultural change has reached at least the largest German companies and is beginning to bear fruit.” The proportion of German citizens on DAX boards has fallen from 67 to 63 percent.

According to Russell Reynolds, the proportion of women on the executive boards of the 50 midsize corporations listed on the M-DAX increased from 11.7 to 13.7 percent. Half of the companies in M-DAX are run solely by men.

dpa

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