Law for more women on boards Which companies now have to act

Status: 11.06.2021 3:55 p.m.

In future, women must be given greater consideration when filling executive board positions: the Bundestag has passed the “second management positions law”. What are the rules now? And how many companies does this affect?

What was decided?

The new minimum number of women on executive boards applies to listed companies with equal co-determination and more than 2,000 employees. In future, you must have at least one woman on the board if it has more than three members. The minimum participation only applies when a new position is filled. “An appointment of a board member in violation of this participation requirement is void,” says the law. There are stricter rules for companies with a majority shareholding by the federal government: In general, if there are more than two members of the management team, there should be at least one woman. This applies to Deutsche Bahn AG or German air traffic control, for example. In addition, the fixed minimum quota for the Supervisory Board is to apply, which is 30 percent.

interview 03/08/2011

Other listed or co-determined companies that do not fall under the requirement should in future have to justify if they plan for the board of directors without women. If this does not happen, there is a risk of fines. With the law, the reporting obligations for companies are tightened accordingly. However, the Federal Council still has to approve the law.

How many women sit on company boards?

More than half of the large listed companies in Germany have no women on their boards, as a study by the Women in Supervisory Boards Initiative (FidAR) shows. The 160 groups in the stock market indices DAX, MDAX and SDAX as well as the 26 companies listed on the stock exchange with equal co-determination (as of March 22nd) were evaluated.

background 02/17/2011

Accordingly, in 103 of 186 corporations examined, not a single woman sits in the boardroom. At the same time, the average proportion of women on executive boards rose to 13 percent compared to the previous year, which corresponds to a plus of 2.3 percent. In the 200 companies with the highest turnover in Germany, the proportion of women on executive boards is 11.5 percent, as a study by the German Institute for Economic Research (DIW Berlin) shows. In the past year, the proportion of women on supervisory boards in the currently 106 companies that are subject to the mandatory women’s quota was an average of 35.9 percent.

Which companies need to improve?

According to the FidAR study, the number of companies that would be affected by the law passed today is 66. Of these, 25 had no women on the board of directors as of the reporting date. This also applies to the engine manufacturer MTU and HeidelbergCement, two companies from the DAX. The situation will soon change at the building materials company. At the end of May, HeidelbergCement announced that Nicola Kimm will take over the newly created position of Chief Sustainability Officer from September 1st. She is then responsible for the issues of sustainability and new technologies.

05/28/2021

The course has also been set at MTU: The company has formulated the goal of a women’s quota on the Executive Board of 25 percent by 2022. The Executive Board is currently made up of four men. According to the study, Knorr-Bremse was also one of the companies that would have to make improvements. That has now happened: Claudia Mayfeld has been in charge of the newly created Executive Board department for Integrity and Law since May 1, 2021. According to the authors of the study, Adidas, Bayer, Eon, Infineon, Fielmann and Südzucker have each appointed women to their boards since the bill was announced.

The supermodel gathers at the Vietnam Model Association’s Congress Supermodel Vu Thu Phuong always shows power when appearing confident and attractive in luxurious design. She expressed her joy and excitement when this was the rare time in a long time that she was able to meet her longtime friends and colleagues. In addition, the event is also a good opportunity for previous generations of models to meet and exchange, energizing and energizing young people who have a passion for this job. Vu Thu Phuong After a period of retreat to take care of a small home, this is the rare time that the audience meets supermodel Lan Khue again. Reappearing in front of the audience was a somewhat more loving and salty Lan Khue, she chose for herself a red dress showing off her long legs and slim body, the highlight is the seductive bare chest that attracts everything. attention. Lan Khue Appeared at the event, Minh Tu chose for himself a white puffy dress with an elegant jacket. With an elegant and courteous style, long legs choose neatly high bun hairstyles and slight make-up mistakes to enhance the arrogant and polite spirit. Minh Tu Vedette of the party is Vo Hoang Yen with a minimalistic pattern but full of power and attraction. The highlight of the set is the large edition handbag with sunglasses bringing the “cool” level of the female supermodel to the 10-ceiling theater. The appearance of Vo Hoang Yen and colleagues attracted the attention and admiration of the junior models. Vo Hoang Yen As can be seen at the event, supermodels Vu Thu Phuong, Vo Hoang Yen, Lan Khue and Minh Tu happily chatting together, sharing many concerns about the future of Vietnamese fashion as well as wishes to contribute for the Vietnam Model Association for the third term, when all four supermodels are present in the Executive Committee of the new term. Vo Hoang Yen and Minh Tu Contributing to the monumental fashion event, there are also many models and actors such as male king Ngoc Tinh, Cao Xuan Tai, Tran Manh Khang, Pham Minh Quyen, model Fung La (La Thanh Thanh), Quynh Hoa, Cam. Dan, Lam Bich Tuyen, Dong Ha, Anh Thu, Ngoc Thuy, Tran Minh Hao, Vio Ho, Dinh Long, Joe Duc Hai, Nguyen Anh, actor Minh Kha, Duke Duc Anh, … The event also has the gathering of many famous domestic designers such as Lam Gia Khang, Nguyen Tien Truyen, Wuan Phan, Le Ngoc Lam, Vo Thanh Can, stylist Travis Nguyen, Nguyen Nhut Hao … forming one Authentic congress of the fashion world and models./.

In the special signing ceremony, there was the participation of Mr. Nguyen Huynh Dang Khoa – General Director of Co., Ltd. OH Pocket General Hospital and Mr. Vu Thanh Trung – Member of the Board of Management – Director of Military Bank of MB Bank. The signing ceremony was in the presence of Mr. Nguyen Huynh Dang Khoa – General Director Dr. OH and Mr. Vu Thanh Trung – Member of the Board of Management – Head of Banking Division, MB In the context that non-cash payment is one of the solutions concerned by the Government, promoting non-cash payments in medical examination and treatment is inevitable. According to the cooperation agreement between MB and Dr. OH, MB will provide Dr. OH cashless payment solutions. From there, customers using the service can pay more easily and conveniently. Mr. Nguyen Huynh Dang Khoa – General Director Dr. OH is sharing about the growth path and the potential that the partnership is heading towards In addition, MB’s digital banking services will be integrated into Dr. Software. AI – the standard pharmacy management software according to Decision No. 777 / QD-QLD dated November 27, 2018 and Decision No. 540 / QD-QLD dated August 20, 2018. This helps customers to Order medicine anywhere and receive medicine anytime with smartphone on the DR app. OH and MB. With that, MB will coordinate with Dr. AI deploys Dr. hospital management software AI HIS, includes functions such as: hospital information management, payment solution integration, wallet solution integration for hospitals and clinics in Vietnam. This software is expected to create a breakthrough in the field of medical examination and treatment, bringing a better experience to customers. The signing ceremony ends with the handover of flowers and souvenirs by representatives of the company Dr. OH and Military Commercial Joint Stock Bank representatives Also included in the cooperation agreement is the development of the Dr. wallet platform. OH – MB. Accordingly, customers using MB’s services can link their MB account with Dr. wallet. OH. Through that, Agents / Associates / Customers of Dr. OH is implemented including but not limited to transactions of deposits, deposits, cash withdrawals, transfers, payment for goods and services, collection and payment, COD delivery and other services.

Accordingly, Mr. Hoang Giang, Deputy Secretary of the Party Committee of the Central Business Sector for the term 2020 – 2025 was transferred and appointed to join the Executive Committee, the Standing Committee of the Provincial Party Committee and held the position of Deputy Secretary of the Lao Cai Provincial Party Committee. term 2020 – 2025.

Awarding decision to appoint staff of the Secretariat (photo: Lao Cai Newspaper)

Along with the change to a new position, Mr. Giang will also stop joining the Executive Committee, the Standing Committee and resign as Deputy Secretary of the Party Committee of the Central Business Sector for the term 2020 – 2025.

Attending the Conference, awarding the Decision of the Secretariat, Deputy Head of the Central Organizing Committee Nguyen Quang Duong congratulated Mr. Giang on the trust of the central transfer to accept new work at the locality, congratulated the Party Committee of Lao Cai province. 1 more Deputy Secretary of the Provincial Party Committee. Believing that with his quality, qualifications, experience, political bravery, Mr. Giang will continue to train, promote well his capacity, contribute to the development of Lao Cai.

Mr. Hoang Giang speaks at the Conference (photo: Lao Cai Newspaper)

In addition to the new Deputy Secretary of the Provincial Party Committee Hoang Giang and Lao Cai, there is also 1 Deputy Secretary of the Provincial Party Committee, Mr. Vu Xuan Cuong and 01 Deputy Secretary of the Provincial Party Committee cum Chairman of the Provincial People’s Committee, Mr. Trinh Xuan Truong, who has just been approved by the Party Committee Lao Cai province, term XVI, elected in October 2020. /.