Speed Reads

German efficiency

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.