FILE PHOTO: Germany's Pensioners and Youth Minister Franziska Giffey wears a protective mask before the weekly cabinet meeting of the German government at the chancellery in Berlin, Germany, November 18, 2020. Michael Kappeler/Pool via REUTERS
BERLIN - Germany’s cabinet approved on Wednesday legislation to force larger listed companies to have at least one woman on their boards, following years of debate over the issue. The law will apply to listed companies with more than three board members. Much larger boards will also be obliged to have only one woman.
The measure has long been a demand of the centre-left Social Democrats , but Angela Merkel’s Christian Democrats long resisted the move. However the chancellor has increasingly expressed frustration that companies were moving too slowly to appoint woman leaders. “This law is a milestone for more women in leadership positions,” SPD Family Minister Franziska Giffey said in a statement.Reporting by Maria Sheahan, editing by Emma Thomasson
How degrading!
Because vaginas clearly trump competency.
Can't talk now.