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Equal participation of women and men in leadership positions
The Law on Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector came into effect on 1 May 2015. With this legislation, the German federal government is seeking to increase the proportion of women holding leadership positions.
Under the new law, listed companies are required to define targets for the proportion of women holding positions in the two management levels below the Management Board as of 30 September 2015. These targets may not be any lower than the status quo (“no deterioration” principle). In the preliminary phase, these targets must be reached by 30 June 2017. The ensuing periods must not exceed 5 years. The company must disclose these targets and report on the progress made towards achieving them. With this statement, Nordex SE is complying with this statutory requirement:
The Management Board has passed a resolution providing for the share of women in the first two management levels below the Management Board to be increased to 15% by 31 December 2016. Appropriate measures have already been adopted and implemented to achieve this. The cumulative share of women in the first two management levels of the Nordex Group currently stands at almost 11%.
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