Politics

Maas wants enforced female quotas before end March

Legislation on mandatory gender-based quotas on the Supervisory Boards of stock-market-listed company is expected to be up and running before the end of March. We are already behind in introducing quotas for women, says Heiko Maas. Voluntary agreements have not changed the scenario in the world of economics the Minister of Justice points out. In Germany, women are unquestionably better educated, and this must be reflected at the highest levels. This requires enforcement by means of quotas. It is a big mistake in terms both of society and of economics to block the development of the career of highly qualified women said Maas during International Women’s Day. The coalition contract between the parties in government provides that the Supervisory Boards of companies who are obliged by law to co-determination and who are listed must, by 2016, comprise at least 30% of women. From 2015, listed companies with the obligation of co-determination will be obliged by law to set and publish binding targets for increasing the percentage of women in Supervisory Boards, Boards of Directors and the highest levels of management.