women

Number of women on Germany executive boards shrinks during crisis year

Blue-chip German companies have fewer women in board positions than a year ago. Photo: Daniel Roland/AFP via Getty Images
Blue-chip German companies have fewer women in board positions than a year ago. Photo: Daniel Roland/AFP via Getty Images

Unlike in the US, UK, and other developed economies, the number of women on the management and supervisory boards of DAX-listed German companies has fallen in the past year.

According to a study from the Swedish-German AllBright Foundation, there were only 23 female managers on the boards of the 30 companies that make up Germany’s elite DAX index (^GDAXI) — down from 29 women a year ago — and a drop from 14.7% to 12.8% in the past year. This puts the number of women board-members back to the same level as in 2017.

“The crisis has made it particularly clear that diversity at the corporate level of German companies is still not firmly anchored,” said the managing directors of the Allbright Foundation Wiebke Ankersen and Christian Berg.

The drop in

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