German companies listed on the stock exchange will need at least 30% of supervisory board members to be female from 2016, according to proposed legislation.
Germany's two largest parties, Chancellor Angela Merkel's conservative bloc and the left-leaning Social Democrats, agreed on the quota Sunday during talks on forming a broad coalition government, according to Manuela Schwesig, the Social Democrats' main negotiator in the working group for families, women and equal opportunities….
The agreed legislation won't affect management boards for the time being. Rules for management boards and for lower management levels in companies will be set up in the future, according to Ms. Schwesig.
Angela Merkel Let In A Million Refugees And Now Wolfgang Schäuble Can’t Yell At Greeks Anymore
Don’t worry: His replacement might be even yellier.