Monday 23 November 2020

Germany: board gender diversity proposals announced

Several proposals regarding the gender diversity of company boards have been announced.  For companies where the Federal Government is the majority shareholder, the supervisory board will need to contain at least 30% female directors.  For listed companies with co-determination, there must be at least one female director on the management board where that board contains 4 or more directors. A copy of the formal ministerial announcement, in German, is available here. Media reports in English are available here and here

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