As of September 30, 2015, companies in Germany are obliged to set their targets for the promotion of women in top positions.
On the one hand, there is a fixed 30 percent quota for the Supervisory Board (supervisory board) of RWE AG. RWE AG is a company listed on the stock exchange and is subject to equal co-determination. As of 2016, each of the two sexes must be represented on the Supervisory Board with a minimum share of 30 percent.
The second part of the legal regulation concerns 17 majority shareholdings in the Group. These companies must set binding quotas for the Supervisory Board, the Executive Board and the two following management levels - the rules for the Executive Board and management levels also apply to RWE AG. For RWE AG, the following targets will be implemented by June 30, 2022.
These statutory objectives are a guard rail for RWE's diversity work. Already four years before the legal regulation, the 30 DAX companies had set themselves targets on their own initiative. At RWE, these targets include the four management levels below the Executive Board and include all Group companies. In this way, the goal we have set ourselves reflects the reality of the RWE Group. For this reason, RWE will continue to publish the results of the voluntary commitment with its Group-wide approach in addition to the statutory targets.