The DAX remains male-dominated

Mona Hetzel
November 11, 2020

The DAX remains male-dominated

The Dax is the most important German share index. There is still an uneven distribution in the leading positions of Dax companies. For this reason, Bavaria's Minister-President Markus Söder (CSU) advocates a quota of women on the management boards of Dax companies. "I am in favor of the women's quota. Incidentally, I am also in favor - and I am saying this very clearly here - of the laws that are now being made in Berlin with board members, that we have to give it another jolt and then implement it sensibly", he said according to "Die Zeit" on Tuesday evening at a digital event of the weekly newspaper.The argument that one "cannot prescribe whether there is a woman on a Dax board" does not convince him, the CSU leader said accordingly. "There are highly qualified men and women in our country and as many women as men who can do these jobs easily. So that does not convince me. I think we have to set a signal, because it also has a model function for the many young women in our country.In the coalition agreement, the CDU/CSU and SPD had agreed on improvements to the law on women in leading positions.

After differences of opinion, the leaders of the coalition had decided in summer to set up a working group.At the beginning of the year, Federal Minister of Women's Affairs Franziska Giffey and Minister of Justice Christine Lambrecht (both SPD) had presented a bill. According to the bill, there are plans to expand the women's quota for supervisory boards and to introduce a requirement that in future a woman should succeed a woman on purely male company boards with at least four members if a place becomes vacant. According to Giffey, however, the CDU/CSU-led ministries had not agreed to this, and Lambrecht was now pleased with Söder's statements - but at the same time she warned that "cheap lip service is not enough".

Not only Söder, but also Chancellor Angela Merkel (CDU) had in the meantime shown herself to be open to a women's quota in executive boards - and yet the law presented by the SPD ministers was not making any progress. "If Söder and Merkel are serious, words must now finally be followed by deeds: The Union must no longer stand on the brakes here," Lambrecht demanded.A men's quota of 90 percent speaks for the unjust distribution. According to an evaluation by the organization "Women on Supervisory Boards" (Fidar/status mid-January 2020/updated end of April 2020), almost one in three supervisory board positions in the 188 largest listed German companies was last filled by a woman.

4 Arten, wie Herbert Diess seine Follower auf LinkedIn erreicht

The return of nuclear power

Agreement on Euro Rescue Fund ESM

Upcoming Flat Rate for Home Office