Berlin: German listed businesses will have to incorporate females on their executive boards as portion of a landmark bill agreed by the country’s coalition government Wednesday soon after voluntary efforts failed to close a gender gap.
Listed businesses with 4 executives or more will have to appoint at least one particular lady to their boards, according to a draft law to be voted on by parliament.
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The law sends “a very strong signal”, Justice Minister Christine Lambrecht stated, urging corporations to “take advantage of the opportunity presented by highly qualified women”.