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The proportion of women on the executive boards of the 40 largest listed German companies increased from 19 to 22.7 percent last year.


(Photo: dpa)

Munich 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. Only two DAX companies: Siemens Healthineers Y Fresenius Medical Care – would even have a 50 percent female ratio.

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 DAX companies still do not have a woman on the board. 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.

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