The German Act on Equal Participation of Women and Men in Leadership Positions in the Private and Public Sectors went into effect on May 1, 2015. Under the provisions of the new law, companies have until September 30, 2015 to set target quotas for their boards of management and the two subsequent management levels.
Some four years ago, well before legally prescribed quotas were introduced, Deutsche Post DHL Group joined forces with its fellow DAX 30 companies to work out ways to increase the number of women in leadership positions. These efforts will continue.
To make the process transparent, the DAX 30 publish the results of their women’s quota efforts in annual status reports. As the conditions differ from company to company, the quotas also differ relative to the respective sector, organizational structure and strategic focus.
These self-imposed quotas, which were set out in what is known as the DAX 30 Declaration, are not fully compatible with those required under the new Act. Companies are now required to set target quotas both for their boards of management and for the two subsequent management levels by September 30, 2015. They must also set deadlines by which the target quotas are to be met. The first of these deadlines must be set for no later than June 30, 2017.
The Act’s focus on management levels differs from the way Deutsche Post DHL Group currently reports the number of women in leadership positions across the Group.
For Deutsche Post AG, the target quota for women members on the Board of Management is for the period until the end of the Annual General Meeting in 2018 1:7 for the period until the end of the Annual General Meeting in 2021 2:8.
The deadline by which these initial quotas must be met is June 30, 2017.
The target quotas for positions at the two levels below the Deutsche Post AG Management Board comprise 19% for Management Level 1 and 23% for Management Level 2. These must be met by December 31, 2016.
The Deutsche Post AG Supervisory Board has already exceeded the legally prescribed women’s quota with 35%.
Deutsche Post DHL Group remains fully committed to its declared goal of increasing the number of women in leadership positions across the entire Group.
Like all DAX 30 companies, Deutsche Post DHL Group will continue to publish the results of its self-imposed national and international quotas along with the new quota results as required by prevailing German law.