Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251376 
Year of Publication: 
2022
Citation: 
[Journal:] DIW Weekly Report [ISSN:] 2568-7697 [Volume:] 12 [Issue:] 3/4 [Publisher:] Deutsches Institut für Wirtschaftsforschung (DIW) [Place:] Berlin [Year:] 2022 [Pages:] 20-31
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
There was a significant increase in the number of women on executive boards of large companies in Germany from 2020 to 2021 after years of slow progress: In fall 2021, there were 139 women on the executive boards of the 200 largest companies, 38 more than in 2020. This is an increase of a good three percentage points to almost 15 percent, the largest seen since the beginning of the DIW Berlin Women Executives Barometer in 2006. There were also markedly more female executive board members on average in the DAX companies. The inclusion requirement for executive boards (Beteiligungsgebot für Vorstände), which was adopted in 2021 and comes into effect in August 2022, has clearly resulted in anticipation effects: The share of female executive board members of companies subject to the requirement has increased from a good 14 percent to a good 19 percent. In contrast, the share of female executive board members of companies not subject to the requirement only increased from 11 percent to around 14 percent. Similar to the gender quota for supervisory boards, this shows that statutory requirements are an effective instrument for increasing the share of women on boards. The momentum in supervisory boards, however, was markedly weaker in 2021 than in previous years.
Subjects: 
corporate boards
board composition
boards of directors
board diversity
Europe
women directors
gender equality
gender quota
Germany
management
private companies
public companies
supervisory boards
executiveboards
CEOs
women
finance industry
financial sector
private and public banks
insurance companies
JEL: 
D22
J16
J59
J78
L21
L32
M14
M51
Persistent Identifier of the first edition: 
Document Type: 
Article

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