Germany: board diversity and DAX30 companies

The Guardian newspaper reports (see here) that "[the] 30 companies listed on Frankfurt's Dax index of leading shares said after meeting ministers on Wednesday that they would set targets to promote more female managers. The German government indicated that the firms would aim to increase female representation on their boards by 30% by 2013. It said that companies that failed to meet these goals would face as yet unspecified sanctions".