"Companies should have more women on all levels of the hierarchy": seven questions for Elke Holst

Interview of January 20, 2017

Since January 1, 2016, Germany has a statutory gender quota for corporate supervisory boards. Women must be appointed to vacant positions until the board has a proportion of 30 percent. Mrs. Holst, it’s been almost exactly one year – is it possible to draw any initial conclusions?

The law is showing some initial effects. For example, the companies subject to the gender quota have increased the proportion of women on their supervisory boards to 27 percent, which is over four percent more than the previous year. The 200 strongest companies in Germany in terms of revenue reached almost 23 percent, an increase of just under three percentage points. The proportion only fell in the group representing the TecDAX companies. [...]