Proportion of women in management positions at companies in larger cities has risen slightly
The proportion of women in the management boards of larger cities' companies has reportedly increased slightly, according to a study. The proportion of female management board members in municipal companies was 22.1% in April - a 0.6 percentage point increase compared to the previous year, as shown in a study by Zeppelin University Friedrichshafen.
However, the proportion of women in the management boards of municipal companies is still significantly below the political goal of parity and the values of the DAX 40 companies, Ulf Papenfuß, study leader, noted. Companies in municipal ownership can be, for example, nursing homes, museums, hospitals, public transportation companies, or utilities.
For comparison: The proportion of women in the boards of the 40 DAX-weighted companies was last at 23.2% (as of 1. September 2023). The difference should primarily be explained by the legal requirements. Publicly traded and parity-co-determined companies with more than 2000 employees and more than three members in the management board must now ensure that at least one woman sits in the top management when filling new positions in the board.
- In contrast to the DAX 40 companies, a substantial proportion of women still lack representation at management levels in many Companies located within Cities.
- It's essential to note that while the proportion of women in the Management boards of Cities' Companies has seen a slight improvement, it falls short of achieving the desired parity.
- The study revealed that only one out of multiple Management levels in Cities' Companies has reached the legal requirement of ensuring female representation.
