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.
Most Popular Stories
- High-Tech Home Theaters Undergoing a Revolution
- Amazon Prime Grabs Classic HBO TV Series
- Wellness Programs Grow More Popular With Employers
- Procter & Gamble Income Up on Cost Cutting
- Sales of New Homes Fell 14.5 Percent in March
- Obama Opens Japan Trip with Sushi Stop
- #myNYPD Twitter Campaign Backfires for NYPD
- Google, SunPower Team Up on Solar Power
- FedEx Sued Over Deadly California Bus Crash
- Boeing Flying High With Strong First Quarter