Increase in female board members in the DAX family: the proportion of women has more than doubled since 2020

Increase in female board members in the DAX family: the proportion of women has more than doubled since 2020

According to a report by www.faz.net, the number of women on the boards of listed companies in the DAX family has more than doubled since 2020. At the beginning of 2024, there were 128 female managers on the top floors of the 160 companies, compared to 59 in January 2020. However, women are still clearly in the minority, with 568 board colleagues. Around 49 percent of companies are content to appoint only one woman to the board, which suggests that they may only want to meet the minimum legal requirements.

In the second half of 2023, 41 new members moved into the boardrooms of the 160 companies evaluated, 16 of whom were female, which corresponds to a share of 39 percent. This shows a stable upward trend, but the proportion of women on boards remains manageable, especially at companies that are less in the public eye.

The study also shows that female managers are most represented on the top floors of DAX companies, with almost a quarter of board members being female. The proportion of female board members is significantly lower in medium-sized and smaller companies in the MDax and SDax.

This development could have a long-term positive impact on the financial industry, as more diverse leadership provides space for different perspectives and experiences, thereby improving decision-making. Additionally, increased diversity can help improve company culture and increase employee engagement. The steady increase of women on the boards of listed companies is an indicator of positive change in the financial industry.