![]() ![]() On a global scale, an emerging skills gap and the economic crisis are "challenging German companies like never before," the report's authors, Wiebke Ankersen and Christian Berg, wrote. Germany's 20.2% are only undercut by Poland's 16.1% among major industrialized countries. Germany lagging far behind in global comparisonĭespite being Europe's economic powerhouse and industrial leader, Germany ranks close to the bottom in a list of countries with corporate policies conducive to women.īy comparison, in the United States women hold 31% of all top management positions, followed by the UK (27.9%) and Sweden (26.5%), according to AllBrigth figures. Many of those companies were unable last year to replace departing female managers with new women, the report said. A similar figure of 10.4% showed growth stalling among smaller companies listed on the SDAX. On the MDAX index of German midcap companies, the number of female executives stagnated at 11.3%. The number of women among newly hired executives was larger, though, with 40%. The increase, small as it was, was solely attributable to the 40 biggest companies in the DAX index which were able to boost their female executive quotas by 2.8% to a total of 20.2%. Wiebke Ankersen is the CEO of AllBright which works to promote more women and diversity in executive positions Image: Sandra Steh Women climbing up, but slowlyĪllBright found that over the past year, the number of women in the boardrooms of Germany's 160 publicly listed firms rose by just 0.8%. Overall, numbers reached 14.2% by September 2022. ![]() "The future belongs to companies that are able to constantly change and stay at the head of the race for female talent," he wrote. The former founder and chairman of investment company Creades and online broker Avanza thinks that businesses can no longer afford to maintain a "male-dominated corporate culture" that ignores female management talent and refuses to give women a fair chance. 'Male-dominated corporate culture'Īs European businesses struggle with high energy costs and weakening competitiveness, the future "isn't looking rosy anymore," AllBright founder Sven Hagströmer said in the report. Smaller companies on the SDAX and MDAX indices, in particular, were still found to be ignoring "the sign of the times," AllBright Foundation wrote. The report, however, also found that more than half of all publicly listed German firms on the country's stock market didn't have a single woman in a senior executive position. Women prefer to join companies with an established female leadership culture Image: Westend61/imago images Another three companies – Beiersdorf, Deutsche Telekom, Mecedes Benz - came at least close to having 40% of women on their boards. Of the 40 corporations in the blue-chip DAX index, three achieved an equitable number of male and female board members by September 2022 - Continental, Fesenius Medical Care and Siemens Healthineers. If you want to believe a recent survey conducted by the AllBright Foundation, the competition for female talent like Radstrom is getting tough - in regard to both management positions and skilled jobs on the factory floor.ĪllBright, a German-Swedish nonprofit organization with headquarters in Stockholm and Berlin, titled its report "Struggle for the best brains: Competition for female board members heats up." It reveals a mixed picture of women's roles in the 160 companies listed on Germany's stock market. The 43-year-old Swedish engineer has reached the top of German truck maker Daimler where she's a member of the executive board. In Germany's corporate landscape, Karin Radstrom (pictured above) is an exception rather than the rule. ![]()
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