German Parliament approves quota requiring 30 percent female directors at biggest companies

March 6, 2015 9:30 AM

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BERLIN – Germany's Parliament has approved a quota system that will require leading companies in Europe's biggest economy to have at least 30 percent women on their supervisory boards starting next year.

Lawmakers from Chancellor Angela Merkel's governing coalition backed the legislation Friday, while opposition lawmakers who argued that it didn't go far enough abstained.

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