On 25 June, two weeks after the vote in the Bundestag (Germany’s lower house of parliament), the Bundesrat, which represents the Länder, approved the bill on female representation in management roles. The bill will for the first time require firms with over 2,000 employees, which are listed on the stock exchange and subject to co-determination laws, to have at least one woman and at least one man on their management boards if the body has more than three members.
At least one woman on boards with more than three members. The introduction of this minimum requirement is the flagship measure of a new law – Zweites Führungspositionen-Gesetz – Füpog II – that seeks to increase female representation in company leadership roles (see article n°12551). According to the government, this requirement will apply to 66 listed companies subject to co-determination laws, 24 of which do not currently have a woman on their management board. All other large companies, whi
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