Just weeks until the September election, Merkel government is threatening “legal measures” against large German companies that fail to implement a ‘gender quota’ by putting more women on their executive boards. In what could simply be cheap antics to garner votes from women, the Merkel government is waging a war against “male-dominated” corporate boardrooms.
Germany’s Women’s Affairs Minister Katarina Barley has “threatened legal measures if the firms fail to fix the problem within the year,” German public broadcaster Deutsche Welle reported on Wednesday. The Women’s Affairs Minister presented a report on the “Corporate Gender Imbalance” to the Merkel-led cabinet this week. According to the report, large German companies had 27.3 percent of women on their supervisory boards. This still isn’t good enough for the Merkel government. The State wants large companies to allocate more than 30 percent of seats on their boards to women.
German broadcaster Deutsche Wellewrote:
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[Women’s Affairs Minister] Barley put the German companies on notice in an interview published on Wednesday, slamming them for having too few female executives.
“This cannot go on,” Barley told Germany’s Redaktions Netzwerk.
“I’ll give businesses one more year to take care of the issue themselves.