"The first quota for management boards is coming. This is an historic breakthrough," Katja Mast, deputy head of the Social Democrats' parliamentary group, told Reuters.
Firms will be required to report on whether and how they aim to meet the quota. They risk a fine for failing to give a good reason for not setting a target to include any women on their management boards. "There are still pure men's clubs on the boards of directors who like to keep to themselves. This will come to an end in the future."
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