Exclusive Exclusive: Only Four Women Make Supervisory Board Top 30 List
Only four women made it on Handelsblatt’s list of Germany’s most powerful supervisory board members this year, although most blue-chip DAX-listed companies complied with a legal requirement of staffing 30 percent of their seats with women. Sari Baldauf is the latest woman to make the list. She was a manager at Nokia and has seats at Daimler and Deutsche Telekom. With seats at four different companies, Werner Brandt tops Handelsbatt’s list of Germany’s 30 most powerful supervisory board members this year. The former chief financial officer at SAP is the supervisory board chairman at the media company ProSiebenSat.1 and has seats at Qiagen, Lufthansa and the light manufacturer Osram. In Germany, non-executive supervisory board members select and supervise chief executives. They also dictate companies’ overall strategy. Henning Kagermann – who has seats at Munich RE, Deutsche Post, Deutsche Bank and BMW – is the second most powerful supervisory board member in Germany. Of the 30 top supervisory members of 2012, only 14 made the short list this year, marking a major changing of the guard. Handelsblatt’s ranking system, conducted in cooperation with the University of Göttingen, is based on a survey of all 160 DAX , MDAX, SDAX and TecDAX companies. Each individual’s personal reputation and network is evaluated as well as the quality of the supervisory boards. Read the full story in Handelsblatt Global Edition on Friday.
07/07/2016 - 07:58 PM