Germany sets a quota to get more women on corporate boards
Germany's three-party ruling coalition agreed late Tuesday to require that 30 percent of all positions on corporate boards go to women. The quota will take effect in 2016, and it will apply to at least 108 listed German companies. The accord was initially negotiated last year but Chancellor Angela Merkel's conservative Christian Democrats balked at formally establishing legal quotas. Women currently hold seven percent of board seats at the 30 biggest companies in Germany's DAX blue-chip index. Read more at Deutsche Welle.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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