nly large businesses listed on the stock exchange. Indeed, at the end of May, the government committee on good governance reviewed the “German corporate governance code” and forced businesses to publish, once a year, their diversity objectives within their boards and the deadlines to achieve them (see our dispatch No. 100326). However, this is only for listed companies. “I want businesses that aren’t covered by the corporate governance code to also be obliged to report on the presence of women
…Germany: Minister for Family Affairs wants to force businesses to increase the number of female managers
Deutsche Telekom as an example. In March, Deutsche Telekom, the telecommunications operator, created a stir when voluntarily announced the introduction, by 2015, of a 30% quota of women at all supervisory levels in Germany and abroad (see our dispatch No. 100230). Now, Kristina Schröder would like all businesses to follow this example, not only large businesses listed on the stock exchange. Indeed, at the end of May, the government committee on good governance reviewed the “German corporate governance code” and forced businesses to publish, once a year, their diversity objectives within their boards and the deadlines to achieve them (see our dispatch No. 100326). However, this is only for listed companies. “I want businesses that aren’t covered by the corporate governance code to also be obliged to report on the presence of women at different supervisory levels” the conservative Minister warned.
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