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Finanzsektor: Frauenanteile in Spitzengremien nehmen etwas zu – Männer geben den Ton an

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  • Elke Holst
  • Anja Kirsch

Abstract

In 2015, the share of women in the top decision-making bodies of the financial sector increased once again but men remain in the overwhelming majority and thus continue to call the shots. At the end of 2015, women made up just under eight percent of executive board members of the 100 largest banks in Germany, and the corresponding figure for the 59 largest insurance companies was a good nine percent (in both cases this is less than a percentage point more than in 2014). Even on supervisory boards where the share of women is traditionally higher, both banks (with just over 21 percent women on supervisory boards) and insurance companies (with just over 19 percent) have a long way to go before achieving gender parity. The proportion of women on the supervisory boards of cooperative banks was particularly low (just under 16 percent) despite the fact that these institutions are, in principle, based on a participatory business model. Overall, many more women than men are employed in the financial sector. It is well known that the presence of women in senior management is a prerequisite for their promotion to corporate boards. Therefore, these financial enterprises would be well advised to improve the career opportunities of their most talented female employees by promoting them more frequently and appointing them to managerial positions. This would be a wise move in anticipation of a possible expansion of the statutory gender quota and a tightening of the sanctions set out in the new law on equality for women and men in managerial positions, both in the private and public sectors, which came into force in Germany in May 2015. Der Anteil von Frauen in Spitzengremien im Finanzsektor hat im Jahr 2015 erneut zugenommen, Männer geben aber mit überwältigender Mehrheit den Ton an. In den 100 größten Banken in Deutschland lag der Frauenanteil in Vorständen Ende 2015 bei knapp acht Prozent und in den 59 größten Versicherungen bei gut neun Prozent – das war jeweils weniger als ein Prozentpunkt mehr als im Jahr zuvor. In den Aufsichtsräten ist der Frauenanteil zwar traditionell höher. Allerdings waren sowohl die Geldhäuser (gut 21 Prozent Frauen in den Kontrollgremien) als auch die Versicherungen (gut 19 Prozent) noch weit von einer ausgeglichenen Repräsentation der Geschlechter entfernt. Besonders gering war der Frauenanteil in den Aufsichtsräten von Genossenschaftsbanken (knapp 16 Prozent), obwohl diese im Grundsatz ein partizipatives Geschäftsmodell verfolgen. Insgesamt sind weit mehr Frauen als Männer im Finanzsektor beschäftigt. Bekanntlich ist das Vorhandensein von Frauen insbesondere im oberen Management eine Voraussetzung für deren Beförderung in die Spitzengremien. Die Unternehmen sind daher gut beraten, ihre weiblichen Talente verstärkt in die Karrierepfade zu integrieren, sie also häufiger in höhere Führungspositionen zu befördern und einzustellen – auch, um einer möglichen Ausweitung der verbindlichen Geschlechterquote und einer Verschärfung der Sanktionen im seit Mai 2015 geltenden Gesetz für die gleichberechtigte Teilhabe von Frauen und Männern an Führungspositionen in der Privatwirtschaft und im öffentlichen Dienst zuvorzukommen.

Suggested Citation

  • Elke Holst & Anja Kirsch, 2016. "Finanzsektor: Frauenanteile in Spitzengremien nehmen etwas zu – Männer geben den Ton an," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 83(2), pages 46-59.
  • Handle: RePEc:diw:diwwob:83-2-3
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    Cited by:

    1. Anja Iseke & Kerstin Pull, 2019. "Female Executives and Perceived Employer Attractiveness: On the Potentially Adverse Signal of Having a Female CHRO Rather Than a Female CFO," Journal of Business Ethics, Springer, vol. 156(4), pages 1113-1133, June.

    More about this item

    Keywords

    board composition; board diversity; boards of directors; central banks; corporate boards; Europe; finance industry; financial sector; female directors; gender equality; gender quota; Germany; insurance companies; management; public and private banks; supervisory boards; women CEOs;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J78 - Labor and Demographic Economics - - Labor Discrimination - - - Public Policy (including comparable worth)
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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