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Germany's Push For Gender Diversity in the Boardroom Gains Traction

Aarti Maharaj | March 11, 2015

The call for more women on corporate boards in Europe is now louder than ever. On Friday, Germany passed a law mandating that some of the country’s largest companies allocate 30 percent of supervisory board seats to women by early next year.

Germany is the home to many multinational companies including, BMW, Siemens, Merck, and Deutsche Bank. Currently in Germany women hold less than 20 percent of board seats, the New York Times reports.

Across Europe, Norway was the first country to make legislative moves for gender balance in the boardroom. Next, Spain, France and Iceland followed suit and pushed for a 40 percent requirement at European companies; Italy moved forward by setting a quota of one-third.

Britain has seen an increase in the representation of women without any specific, regulatory requirement, as several companies have...

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