Germany: Quotas for women in German boardrooms voted down

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'Germany’s Parliament – the Bundestag – rejects quotas for women. Yesterday, the Chancellor Merkel’s coalition has defeated, by a vote of 320 to 277, the opposition proposal aiming to indroduce a quota of 30 percent women starting in 2020. There will not be legally binding quotas for women in German boardrooms, but it keep on being a discretionary decision. At the end of 2012, according to the German DIW Economic Bulletin, only 4 percent of all seats on the executive boards and just under 13 percent on the supervisory boards of German companies were occupied by women. This is “alarming”, considering that in other European Countries the percentage is significantly higher – in Norway, women hold 39 percent of management positions.'