Study: percentage of women in high conference rooms | Free press

The management level of German listed companies is gradually becoming more feminine. According to experts, however, the pace of change is relatively slow. More stringent requirements will apply from August.

Frankfurt am Main.

According to research, there are more women in the leading listed companies in Germany than ever before. According to the auditing and consulting company EY, as of July 1, 101 female managers sat on the boards of 160 companies from the Dax family. This is five more women on the board than at the beginning of the year (as of January 1, 2022) and the highest value since the beginning of the survey in 2013. This also applies to the percentage of women, which increased from 13.5 percent. up to 14.1 percent

According to information, the number of leading women in management positions has doubled in four years. Nevertheless, many of the board members are still the domain of men. Accordingly, a good half (51%) of the management boards of the surveyed companies are currently exclusively men. Only nine companies have a woman at the helm of the board, including the pharmaceutical and chemical group Merck.

“The percentage of women in management and management positions is increasing. This is generally positive, but the pace is relatively slow,” said EY expert Markus Heinen. In his opinion, volunteering alone cannot increase the percentage of women in management positions.

More stringent requirements from August

From August 1 this year. Listed companies with equal co-decision rights with more than 2,000 employees and more than three directors must ensure that at least one woman sits on the top floor when serving on the board. According to research by EY, this currently applies to 66 out of 160 companies. Other listed or jointly controlled companies that do not meet the minimum requirements must justify whether they plan to have a board of directors without women.

Such binding requirements are paying off and give new impetus to positive development, said Heinen. “If there is a lack of a female perspective in boards and leadership positions, there is a risk that companies may not have the right view of half of their potential customers or develop their products and services without them.”

During the first half of the year, the 160 analyzed companies had a total of 23 new boards, nine new board members are women, which corresponds to a 39% share.

Women are by far the most numerous among the top 40 German stock market players. As at the reporting date, 51 female managers were among the 257 members of the management board – more than ever before. Almost 20 percent of Dax’s board members are women. The percentage of women on the MDax and SDax tables is much lower, around 11 percent each. (dpa)

Leave a Comment