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DAX companies oppose gender quota

The Local · 10 Feb 2011, 12:51

Published: 10 Feb 2011 12:51 GMT+01:00

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The survey, conducted by daily Berliner Zeitung, indicates that 21 of the 30 DAX corporations reject the idea of a mandatory quota.

Only the Munich-based insurance giant Allianz came out tentatively in favour of a mandatory quota. Eight DAX corporations declined to take a position on the debate, while the rest said they were opposed.

Only 1 in 6 executive positions (17.6 percent) at DAX corporations are currently occupied by women.

The three companies with the lowest percentage of women in top posts are industrial conglomerate ThyssenKrupp (6 percent) and the chemical companies BASF (6.5 percent) and Kali+Salz (7 percent).

Allianz, with 33 percent, is Germany's second-leading employer of executive women behind only Lufthansa, who employ 41 percent.

Karl-Ludwig Kley, chief executive of Darmstadt-based pharmaceutical company Merck, explained his company’s opposition to the mandatory quota.

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“It makes little business sense to bring women into executive roles for the sole purpose of satisfying a quota,” he told news magazine Focus. Regardless of gender, age and ethnic origin, Kley said, “it is imperative that people in these positions are fully qualified for an executive role.”

But Kley said his company is in favour of markedly increasing the number of executive positions filled by women worldwide, and suggested setting a global goal of 25-30 percent by 2016.

dapd/The Local/adn

The Local (news@thelocal.de)

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Your comments about this article

10:19 February 11, 2011 by Kayak
Another fine example of German leadership setting the standard and leading the world into a brighter and more caring future. Equiped with such foresight we can look forward to better times for all Germans. (To be read with an ironic tone, please!)
21:22 February 13, 2011 by Stephen Goodson
Thank goodness some Germans still have their heads screwed on. Gender quotas are one of the main features of the feminist racket. What is required is more kinder, kirche und kuche. If women do not stay at home and rear their children in a stable environment, where will the future generations come from. With a population growth rate of 1.4 p.a., which includes the much higher growth rate of foreigners, there will be hardly any Germans left in 50 years time and that is an indisputable demographic fact. Bring back the Mutterkreuz (silber und gold)!
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