Germany Sees Record Rise in Women in Business Leadership

The proportion of women in leadership roles in German business has reached a record high, in a sign the country is finally beginning to catch up with western peers on improving gender equality in the workplace. A study by consultancy Russell Reynolds found that women now occupy more than 25 percent of senior management positions in Germany’s 40 largest listed companies, an increase of two percentage points over 2023. The study found that the share of women in top jobs had risen from 13.

3 percent in 2020 to 25.4 percent now, a new record. Germany now has three female chief executives of Dax-listed companies for the first time: Bettina Orlopp at Commerzbank, Karin Rådström at Daimler Truck and Belén Garijo at Merck. But a recent report by the Swedish-German AllBright Foundation found that the eurozone’s largest economy is still a long way behind international peers, especially the UK. It said women occupied 32.1 percent of senior management roles in the 40 biggest listed companies in the UK, 30.1 percent in the US, 28.8 percent in France and 28.2 percent in Sweden. The foundation said that in the UK, there was much more public awareness of the need for equality and diversity and “expectations of companies are high”. The improvement in Germany reflects the success of a law passed in 2020 that established a mandatory quota for women in the senior management of publicly listed companies. The measure came after ministers determined that previous attempts to encourage companies to hire more female executives on a voluntary basis had failed. The law stipulated that management boards with more than three members had to include at least one woman. Business groups said at the time that it represented unwarranted interference in the workings of companies and that there was in any case a lack of suitable female candidates for senior role

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