#GAReads | Germany will require companies to put women executives on their boards
photo credit: You X Ventures, via Unsplash
“Germany will require companies to put women executives on their boards”:
Germany's coalition government has agreed to a mandatory quota for women on the boards of listed companies in what's being hailed as a landmark moment for Europe's biggest economy.
Listed companies with management boards of more than three executives must appoint at least one woman to the C-suite, according to a statement Friday by Germany's ministry for family affairs, senior citizens, women and youth. A final decision on the new measure is expected next week.
"We are putting an end to women-free boardrooms at large companies," said Franziska Giffey, the minister for women and families, who described the decision as a "historic breakthrough."