German Parliament approves women′s quota | Business News - The Latest financial, market & economic news | DW | 06.03.2015

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Business

German Parliament approves women's quota

The German parliament has passed a law to boost the number of women in top executive positions.

The law will require large publicly-traded companies to have at least 30 percent of women on their supervisory boards. The rule, which goes into effect on January 1, applies only to large, stockmarket-listed German companies which already award half the seats on their supervisory boards to labour leaders.