Reason | May 17, 2021 | 0
Germany Approves Law Requiring Companies To Hire Female Executives
Germany’s federal cabinet approved an affirmative action policy Wednesday that requires large companies to hire at least one female executive.
The European nation’s Justice Ministry said that the legislation would apply to companies that employ more than 2,000 people, are publicly traded and have executive boards with more than three executives, according to The Associated Press. If passed by Germany’s parliament, about 70 companies, nearly 30 of which have no women serving on their boards, would need to hire a woman to serve on their executive boards.
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