Latest research reveals insights on a specific subject. - Over one-third of supervisory board members of DAX companies are female.
Since 2016, a legal requirement of having at least 30% women on the supervisory boards of listed companies with parity co-determination has been implemented. Now, most DAX companies surpass this allocation. In comparison to other countries in Europe, Germany ranks seventh, with France leading with around 46% women in their supervisory boards.
Russell Reynolds reported that for the second consecutive year, more women than men were elected to supervisory boards. Among the DAX companies, Vonovia, Beiersdorf, Hannover Re, and Zalando have more than half of their supervisory boards made up of women. In addition, Bayer, Commerzbank, and Covestro have half of their members consisting of women.
24 out of the 40 listed companies have a female representation of over 40% on their supervisory boards. However, only a fifth of the supervisory board committees are chaired by women and only two of the 40 DAX companies have a woman as the head of their supervisory body.
German-American Clara C. Streit (55) has been the chairman of housing company Vonovia's supervisory board since May 2023. After graduating with a degree in business administration from the University of St. Gallen, Streit worked for consulting firm McKinsey for over 20 years. Since 2012, she has completely devoted herself to her position on the supervisory board and board of directors.
Another member of the team is Simone Bagel-Trah. She has been the head of the supervisory board at Düsseldorf-based detergent manufacturer Henkel since 2009. Bagel-Trah, aged 55, is the great-great-granddaughter of the company's founder, Fritz Henkel, and holds a doctorate in microbiology from Rheinische Friedrich-Wilhelms-Universität in Bonn.
Notably, half of the DAX supervisory boards consist of sustainability experts, and three-quarters of these roles are held by women.
The salary for being on a DAX supervisory board is also quite significant. According to Russell Reynolds, the average remuneration in the 2023 financial year was 200,000 euros, representing a 7% increase from the previous year.
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Source: symclub.org
