Chancellor Angela Merkel's coalition parties agreed on Tuesday to a draft law that would force Germany's leading listed companies to allocate 30 percent of the seats on non-executive boards to women from 2016 onward. Although Europe's biggest economy has a female leader and roughly 40 percent of the cabinet is female, women still are under-represented in business life. Among the 30 largest companies on Germany's blue-chip DAX index, women occupied only 7 percent of executive board seats and barely 25 percent of supervisory board seats by the end of June, according to the DIW economic think-tank.At least that should help with the problem of German ubercompetitiveness. Business success is nothing that a well-staffed HR department can't slow down considerably in a relatively short time.
Wednesday, November 26, 2014
Grand scale entryism
It's hardly surprising that Germany's first female chancellor is now trying to require Germany's corporations to employ female figureheads.