By Getting-On-Board, Mar 11 2015 12:41PM
Legislation has been passed in Germany meaning all major companies must give 30% of their non-executive board-level positions to women.
The legal quota will go a long way towards redressing the imbalance – there is currently not a single female chief executive among the country’s 30 largest firms in the blue-chip DAX index.
In fact, women are massively under-represented on global corporate boards.
Could Germany’s binding requirement for more females in the board room be the quick and easy solution?
Actually, there already is a solution that goes a long way towards dealing with this matter, and thousands of women in the UK alone are already part of it.
It’s called board-level volunteering, and it’s changing women’s lives for the better.
We’ve spoken to female trustees, and 74% told us they have more confidence as a result of their charity board position. More than a third (38%) said they have new leadership aspirations as a result – so they could end up on corporate boards soon too.
If you want to be among the female leaders to shape the world’s top firms then a trustee role could be your first step.
It’s an ideal way to gain experience and widen your network, all the while helping a charity continue its good work for those who need its advice or services.
We all know that women need to have a voice among the leaders of the world’s top firms, and Germany’s new law will help to pave the way for them to be heard loud and proud, but in the meantime you can shout about your skills, qualities and experience as a board-level volunteer. It might just lead you down a new path at work, after all, 22% of trustees said they got a promotion because of their volunteer role.