Home » Legal developments » National legislation » Germany: draft legislation adopted for female quotas at corporate executive level Germany: draft legislation adopted for female quotas at corporate executive level Through . Published on 07 January 2021 à 12h45 - Update on 07 January 2021 à 16h54 Resources Draft legislation imposing a female quota at corporate executive level was adopted as planned (c.f. article No. 12239) on 06 January, during the Council of Ministers first meeting of 2021. The draft law will be put to a Bundestag vote in the coming weeks. “We can show that Germany is on the way to becoming a modern, forward-looking society,” Social Democratic Family Minister Franziska Giffey stated to the press, who together with her colleague Christine Lambrecht (SPD) brought the text. The draft provides that large listed companies and those subject to co-determination legislation, as well as large state-controlled companies, will be obliged to have at least 30% females at their executive helm. No deadline has been set for implementation of the measures so the quota will simply be applied when positions are up for renewal. These quotas should help Germany to catch up internationally. To date, no female heads a company listed on the German DAX (stock market index), and only 15% of executive positions in the 160 companies that could come under the new legislation, are currently held by women. This percentage falls to 9.3% (2019) for the economy as a whole (6.3% in 2015). While the German DIW economic research institute has welcomed the legislation it considers it insufficient, saying that the country continues to evolve in this area at a ‘snail’s pace’. Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels