German companies must now fill a quota of women in upper management roles. The mandate was agreed upon by Chancellor Angela Merkel and her party.
German companies had been low on female leadership, despite the country having a woman political leader. Only 12.8% of management boards from Germany’s 30 largest companies were women. The new mandate will require companies to bring that number to 30% for companies where the federal government holds a majority share. It will soon be applicable to corporations under public law such as insurance and pension companies.