BMW Speaks Out Against Plan for German Femal Board Quota

November 26, 2014 1:24 PM

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Bayerische Motoren Werke AG (BMW) and others in German industry spoke out against a plan by Chancellor Angela Merkel’s coalition to force companies to install more women in non-executive leadership positions.

Business leaders voiced opposition to an agreement reached last night between the Christian Democratic Union and Social Democrats to proceed with a bill requiring listed companies to allocate 30 percent of their supervisory board seats to women.

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