German businesses 'struggling to achieve boardroom diversity'

Businesses in Germany are currently making limited progress in efforts to improve boardroom diversity and female representation, according to a new report.

A report from the Financial Times has highlighted figures from business consultancy Spencer Stuart showing that women occupy 15.2 per cent of supervisory board posts at blue-chip Dax-30 companies and only four per cent of management board roles.

This lags behind the likes of Norway, Finland and Sweden, the leading European nations in terms of boardroom diversity progress, suggesting issues with the nation's corporate structures.

According to the report, the persisting model among German businesses is for executives to occupying a wide variety of roles at companies in different industries, thus limiting the amount of opportunities available to female newcomers.

This comes after a report from the Organisation for Economic Cooperation and Development also showed that pay inequality between the richest and poorest members of the population is also on the rise in Germany.