Germany to introduce legal quotas for women on company boards

Story here. Excerpt:

'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.

The draft law agreed late on Tuesday by senior members of Merkel's three-party "grand coalition" would apply to listed companies which have employee representation on their supervisory boards, affecting more than 100 firms.
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The move has sparked criticism not only from right-wing conservative circles, but also the leading BDI industry association. "We absolutely do not need any kind of legal quotas," BDI head Ulrich Grillo said.'

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. . .is a joke if you ask me.

She's not okay with forcing parents in Germany to leave their baby boys' bodies unaltered, but she's fine with forcing companies to have 30% female representation on their boards, whether or not that reflects the actual gender distribution of the company. Nice to see she has her priorities in order! [/s]

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