“Our 600 executives are mainly men, German and white. We are too unidimensional”, criticized Peter Löscher at the helm of the German electronics giant for almost a year. In fact, this observation reveals one of the weaknesses of German firms. As exports champion, Germany is one of the winners of globalization. But the top management teams and the supervisory committees of the major German groups are filled mainly by Germans. No company quoted on the DAX 30 stock exchange is run by a woman. “Swiss and Swedish firms have set up with greater success more international management boards and have promoted a more worldwide corporate culture”, remarked James Stettler, an analyst at Dresdner Kleinwort, quoted by the daily.
German groups are filled mainly by Germans. No company quoted on the DAX 30 stock exchange is run by a woman. “Swiss and Swedish firms have set up with greater success more international management boards and have promoted a more worldwide corporate culture”, remarked James Stettler, an analyst at Dresdner Kleinwort, quoted by the daily.
Diversity, a key role in Germany’s future. In this respect, Siemens management stands out with three foreigners out of eight members: an Austrian (Peter Lösche
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