Only one in seven executive board members is female
The Frankfurter Allgemeine Zeitung article, "Only one in seven executive board members is female,” quoted Russell Reynolds Associates Consultant Jens-Thomas Pietralla on Germany’s lack of progress towards gender equality at the top. A translated excerpt of the article is below.
Germany is not making progress in filling top positions with women: The proportion of women on DAX executive boards has remained at 14 percent for three years. In an international comparison, that puts German in a very low position. This is the result of an investigation by the leadership advisory and executive search firm Russell Reynolds Associates.
The study showed that women account for 27 of the 190 executive board members at DAX companies. Of these, five are chief financial officers and six are chief human resources officers, but there is not a single chief executive officer.
“The discussion sparked five years ago by the statute on equal opportunities in leadership positions at first accelerated the appointment of female executive board members. But this dynamic came to a halt three years ago,” says Jens-Thomas Pietralla at Russell Reynolds Associates.
There are great differences among the DAX companies. Six companies have a 25 percent share of women on their executive boards, two are at 20 percent, while seven do not have a single woman in the executive board.
To read the full article in its original German, click here.