{"id":1806,"date":"2022-04-12T14:23:33","date_gmt":"2022-04-12T14:23:33","guid":{"rendered":"https:\/\/momstime.org\/en\/?p=1806"},"modified":"2022-04-12T14:23:33","modified_gmt":"2022-04-12T14:23:33","slug":"409-germany-women","status":"publish","type":"post","link":"https:\/\/karimilawfirm.com\/en\/news-en\/409-germany-women\/","title":{"rendered":"GERMANY DRAFTS LAW INTRODUCING QUOTA FOR WOMEN ON EXECUTIVE BOARDS"},"content":{"rendered":"

KARIMI & ASSOCIATES LAW FIRM<\/a>\u00a0REPRESENT ACCORDING TO\u00a0JURIST LEGAL NEWS AGENCY:<\/a><\/h1>\n

\n

Germany\u2019s Federal Cabinet\u00a0approved<\/strong><\/a>\u00a0Wednesday a\u00a0draft law<\/strong><\/a>\u00a0that would see a quota introduced for the number of women on the executive boards of Germany\u2019s largest companies.<\/p>\n

The law would require all stock exchange-listed companies with an executive board of three or more members to have at least one woman on that board. The new requirement would apply to over 70 companies, 31 of which currently have no women on their management boards.<\/p>\n

The law, drafted jointly by the Federal Ministry of Justice and Federal Ministry for Family Affairs, Senior Citizens, Women, and Youth aims to amend and supplement Germany\u2019s existing law on the issue,\u00a0the\u00a0Act on Equal Participation of Women and Men regarding Leadership Positions within the Sectors of Private Economy and Public Service<\/strong><\/a>. That 2015 law introduced a requirement that supervisory boards be at least 30 percent female and is\u00a0reported<\/strong><\/a>\u00a0to have \u201cled to a tangible increase in the average percentage of seats of supervisory boards held by women.\u201d However, the proportion of women on executive boards has remained low.<\/p>\n

Federal Minister for Family Affairs, Senior Citizens, Women and Youth Franziska Giffey said that the new law would be \u201ca milestone for women\u201d and would put an end to women-free boardrooms in Germany\u2019s largest companies. She also stated that this goal was in the interests of a future-oriented and modern society.<\/p>\n

The draft law must now be passed by the Bundestag, Germany\u2019s parliament.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARIMI & ASSOCIATES LAW FIRM\u00a0REPRESENT ACCORDING TO\u00a0JURIST LEGAL NEWS AGENCY: Germany\u2019s Federal Cabinet\u00a0approved\u00a0Wednesday a\u00a0draft law\u00a0that would see a quota introduced for the number of women on the executive boards of Germany\u2019s largest companies. The law would require all stock exchange-listed companies with an executive board of three or more members to have at least one woman on that board. The new requirement would apply to over 70 companies, 31 of […]<\/p>\n","protected":false},"author":4,"featured_media":1807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\nGERMANY DRAFTS LAW INTRODUCING QUOTA FOR WOMEN ON EXECUTIVE BOARDS - Karimi law firm<\/title>\n<meta name=\"description\" content=\"Germany drafts law introducing quota for women on executive boards. 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