News Column

Merkel Calls on German Companies to Boost Women on Boards

March 8, 2013
Angela Merkel

Chancellor Angela Merkel called on German companies on Friday to increase the number of women in corporate boardrooms, warning they could face new laws forcing them to act.

"The Federal Republic of Germany is quite old - over 60 - so it's about time to get more women onto supervisory boards," Merkel said following a meeting in Munich with Germany's leading industry associations.

Companies have agreed to voluntarily increase the number of women in the boardroom so that by the end of the decade between 30 and 40 per cent of board positions will be held by women.

"If we can not think we can do it in a voluntary way, then the risk or the possibility that we need to act legally will arise," Merkel said.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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