DGermany does not make any progress in filling top positions with women: the proportion of women on the Dax boards has been stagnating at 14 percent for three years. This puts Germany far behind in international comparison. In the process, the women had at times won one top position after the other, their share on Dax boards, not least driven by politics, had doubled within four years; from 7 percent in 2014 to just under 14 percent in 2018. Since then, however, it has stalled. This was the result of an investigation by personnel consultancy Russell Reynolds Associates.
Responsible editor for business and “Money & More” of the Frankfurter Allgemeine Sonntagszeitung.
At the moment there are 27 women among the 190 board members of the Dax companies. Of these, five are CFOs and six are Chief Human Resources Officers, but there is not a single CEO in the Dax. The joy of Jennifer Morgan as co-head of SAP was short-lived.
Big differences between the DAX companies
Women become board members somewhat earlier (on average 48.5 years) and are on average three years younger (51 years) than their male colleagues. However, they also stay in office for a shorter period of time: the length of stay of women is 5.8 years, men average seven years. “The discussion triggered five years ago by the law on equality in managerial positions initially accelerated the appointment of female board members. This dynamic has come to a standstill three years ago, ”says personnel consultant Jens-Thomas Pietralla from Russell Reynolds Associates. The proportion of women on Dax supervisory boards developed in a similar way: “Since the legally required 30 percent has been reached, the proportion of women has remained at a third.”
There are big differences among Dax companies. Six companies have 25 percent women on the board (Covestro, Daimler, Deutsche Telekom, Fresenius Medical Care, Vonovia, Wirecard), two have 20 percent (Allianz, Merck), while seven Dax companies do not have a single woman on the board: Bayer, Eon, Heidelberg-Cement, Infineon, MTU Aero Engines, RWE and Siemens.
It is striking that 44 percent of female board members come from abroad. It is only 30 percent of men. Internationalization is also progressing there, for example, almost as many foreigners as Germans have been appointed to Dax boards in the past two years. 83 percent of those who made it to the position of CEO have advanced their careers within the company. Only around 17 percent of all current CEOs were appointed directly from outside. CFOs, on the other hand, are more likely to be sought outside of the group: Only every second person was recruited from within the group.