A study by FORBA, commissioned by Women's Minister , reveals that appointments to often rely on informal networks. Author Bernadette Allinger notes that capital-side selections lack transparency in many companies.
The female share in listed companies with a 30 percent quota rose from 22.4 percent in 2018 to 35.5 percent. However, ten listed firms still have no women on their boards, and companies without quota requirements currently average only 23.6 percent female.
Starting next year, listed companies must reach a 40 percent female quota or leave seats empty. A new ministry department will monitor these management bodies, as works council chairs, mostly men, still dominate the employee side of supervisory boards.