Tag Archives: quota

Merkel’s boardroom gender quota plan doesn’t go far enough, says the German Greens | News | DW | Instant News


The German Greens on Saturday criticized a government proposal to force large companies to have at least one woman sit on their executive boards, saying it was not enough.

Ministers in the country’s ruling conservative and Social Democratic coalition approved the move on Friday, which will apply to any company with more than three board members.

But Green Party spokeswoman and member of parliament, Ulle Schauws, said the plan could be even more ambitious.

“It is time for binding quotas for women to be introduced in the executive board,” he said, calling the government’s idea a “minimum”.

Gender balance in German corporate boardrooms has been the subject of major debate for years.

Read more: German minister calls for quota of women in meeting rooms, ends with ‘men’s club’

The center-left Social Democratic Party (SPD) has long called on the government to step in and enact laws, while Angela Merkel’s center-right Christian Democrat has traditionally been more skeptical.

“Some things took too long, but in the end we got into a quota dispute with the Christian Democrats,” said Finance Minister Olaf Scholz, who also praised the deal. Scholz is also an SPD candidate hoping to replace Merkel as chancellor in the 2021 elections.

‘An important step towards equality’

Marcel Fratzscher, president of the German Institute for Economic Research (DIW) think-tank, told: Handelsblatt a business newspaper on Saturday that the quota was “an important step towards equality and equal opportunity in Germany.”

He said it would “send a strong signal by forcing big companies to do significantly more than before to promote equality and equal opportunity.”

Friday’s agreement will build on a 2015 law that ensures a 30% quota for women on Germany’s supervisory board.

Sitting on the supervisory board is a non-executive role. Its members are usually elected by the company’s shareholders to promote good governance, hire and fire senior management and review key business decisions taken by the chief executive.

Read more: Woman in soccer boardroom: Alone among men

While women made up 28% of the supervisory board of Germany’s top companies in 2018, they only accounted for 10% of executive positions.

Jennifer Morgan became the first female CEO of a German blue-chip company last year, deputy leader of the SAP business software group.

But he stepped down in April, leaving Christian Klein as the company’s sole CEO.

Daimler, the Stuttgart-based auto giant, has two female executives who currently serve on its management board.

cf / mm (AFP, dpa, Reuters)

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Did Interlagos hold its last Brazilian GP? ‘We keep talking’ | Instant News


Sao Paulo Governor Joao Doria said talks continued about the future of the Brazilian Grand Prix at Interlagos.

This year is the last based on the current contract between Formula 1 and historic sites but it is uncertain whether the race will take place because the South American country faces the second highest Covid-19 outbreak globally.

Of course, with five months to the original planned date of November 15, there is still time to improve the situation in Brazil, and Doria remains confident that Sao Paulo will host a safe F1 by 2020.

“The race track is prepared to receive Formula 1, clearly in the health protocol,” he said MotorsportWeek.com on Friday.

“Organizers know that, everywhere in the world, they must adhere to the city’s health protocol. With regard to this year, the contract must be fulfilled. Need to make this clear. Our position is that the contract will be fulfilled. “

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However, if not, it is unthinkable that Interlagos has held the Brazilian Grand Prix for the last time, at least for the foreseeable future, with continued speculation that the new circuit in Rio de Janeiro will take over hosting duties from 2021.

“We continue to talk to Liberty Media about the possibility of contract extension,” commented the governor of Sao Paulo.

“Here we have a race track that is ready, established, and considered one of the five best in the world.

“Nobody is against Rio de Janeiro, but it doesn’t make sense to spend R $ 1 billion ($ 190 million) to build racing tracks in areas that did not have environmental approval at the time of the pandemic, with scarcity of resources in the region. state, both public and private.

“We continue to talk and talk with Liberty Media with a view to renewing this contract. There was no decision signed by Liberty, but there was an official statement by the city and government. “

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