On March 6, 2015, the German Bundestag mandated that at least 30% of the supervisory boards (Aufsichtsräte) of a select number of public companies must be occupied by women.
In the short term, the law will affect only publicly listed corporations that are also under Germany’s special rules for employee co-determination of management (Mitbestimmungplicht). According to the German Ministry of Justice, this affects only about 110 corporations, albeit these are among Germany’s largest and most important corporations.
For Germany’s other public companies, the decision is left to their discretion as to the number of women to be integrated into top management and the time period to achieve these goals.
Although the law leaves the issue of the “women’s quota” to the self-determination of German business for the majority of companies, this may have more far reaching effects.