Germany: Bundesrat Approves Women's Quota for Supervisory Boards

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By Andrea Barbara Schuessler

April 1– Effective Jan. 1, 2016, 108 German companies will have to meet a mandatory 30-percent women's quota for filling vacant supervisory board positions, under legislation approved by the Bundesrat, the upper house of parliament, March 27.

Companies both listed on the stock exchange and partially managed by employees will be affected by the new legislation, which will also introduce a voluntary women's quota for approximately 3,500 companies.

To contact the reporter on this story: Andrea Barbara Schuessler in Berlin at correspondents@bna.com

To contact the editor responsible for this story: Rick Vollmar at rvollmar@bna.com

The full text of the bill is available in German at http://dip21.bundestag.de/dip21/btd/18/037/1803784.pdf, the Bundesrat's amendments to the bill at http://www.bundesrat.de/SharedDocs/drucksachen/2015/0001-0100/77-15.pdf?__blob=publicationFile&v=1.

For more information on German HR law and regulation, see the Germany primer.