Many women have been appointed to boards since the quota for publicly traded companies was passed. But some companies continue to be managed exclusively by men.
(Photo: ddp)
Dusseldorf From August there will be no more excuses: then a quota of women on the executive board will be mandatory for companies that are traded on the stock exchange and have equal co-determination. But not all companies are ready. According to an evaluation by the personnel consultancy Russell Reynolds Associates, which is exclusively available to the Handelsblatt, a total of seven Dax and MDax companies still do not meet the minimum requirement of having at least one woman on the board.
The legal basis is the Management Positions Act II (FüPoG II): Since August 2021, it has stipulated a quota for women on the board of listed companies with more than 2000 employees – although there was a grace period of one year.
From next week, however, any further appointment of a man to the top management circle will be invalid if there is no woman on the board. According to the Federal Ministry for Family Affairs, companies that fail to publicly report why they cannot meet this quota face a fine of 50,000 euros.
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