FidAR Publishes Trend Indicator: More and More Top Managers Favour German Quota System for Women on Supervisory Boards / Target Figures for Women in Management Positions still lacking acceptance
Berlin, 30.09.2016: One year after coming into effect, the legal regulations to increase the proportion of women in leadership positions have had a noticeable effect. Compared to 2015, the law concerning the equal participation of women has been considerably better received at top management level. In the meantime, male executives are much more positive about the law, whereas top female managers remain sceptical due to the slow pace of implementation. This is reflected by the new FidAR trend indicator (Stimmungsbarometer – www.fidar.de/stimmungsbarometer – in German) which was presented today in Berlin together with the Women-on-Board Index (www.wob-index.de – German), a ranking of listed companies in Germany according to their diversity quota updated on 15.09.2016.
“The requirement to implement the principle of equal opportunity has become corporate reality. The legal regulations to maintain the required quota of 30 percent will be fulfilled”, explains FidAR president, Monika Schulz-Strelow. “The apprehension of many managers that the fixed quota would restrict their career possibilities has been exposed as a scaremongering tactic. We now expect considerably more commitment to achieve the respective target figures. This is where the actual adjustment to promote equal opportunities for women and men has to be made. The target figure of zero does not represent any progress. The trend indicator shows that we still face a long uphill struggle.”
The trend indicator is the result of a joint co-operation between FidAR and the Fraunhofer Institut, infas and isi consult. The boards of companies affected by the law for the equal participation of women were asked how they plan to address the challenges of the prescribed targets and quota regulation, how the current status of the implementation in the company was and what specific supporting measures for women had already been offered or were due to be expanded.
Continual increases in the WoB index
The figures of the Women-on-Board-Index 160 by FidAR (www.wob-index.de) updated on 15.09.2016 indicate that there is still much room for improvement. While the proportion of women in supervisory boards of 160 companies listed on the DAX, MDAX, SDAX and TecDAX rose to 25.9 percent (01/2011: 10%), the proportion of women on executive boards remained at a modest 6.5 percent (01/2011: 3%). According to the current status of the 105 listed companies with co-determination that are supposed to respect the quota and that are included in the Women-on-Board-Index-100, the values at 27.3 percent (supervisory boards) and 6.5 percent (executive boards) are only marginally better. Nevertheless: 47 of the 105 companies have already today reached the mandatory 30 percent proportion of women, including all companies to have supervisory board elections so far in 2016.
The WoB indices are sponsored by the German federal ministry for families, senior citizens, women and youth. The surveys for the Women-on-Board-Index are available at www.wob-index.de.
Monika Schulz-Strelow | President | FidAR – Frauen in die Aufsichtsräte e. V.
Tel.: +49 (30) 887 14 47 13, email: email@example.com
Matthias Struwe | Director | Eye Communications | Full Service Public Relations Agency
Tel.: +49 (7 61) 137 62-21, email: firstname.lastname@example.org
FidAR – Frauen in die Aufsichtsräte e.V. is a politically-independent national initiative which was initiated in 2006 by women in leading positions in the economy, science and politics. FidAR strives to achieve a sustainable increase in the proportion of women on the supervisory boards of German companies and the improvement of company controls. The aim of the initiative is for equal representation of women and men for all management positions in the German economy. FidAR pursues these targets in close co-operation with business, politics, science and in co-operation with the relevant trade and women’s associations. More information on FidAR is available at www.fidar.de.