Eighth DAX Board Report 2019

07 Oct 2019

Eighth DAX Board Report 2019

The Profile of DAX listed Boards 2015-2019

Brexit, the US-China trade war, Russian sanctions and the threat of recession – German companies are not short of challenges at the moment.

But against this backdrop, the calm and continuity which prevails at the board level in Germany’s largest companies is perhaps somewhat surprising. In the past 15 years, the changes in board appointments for DAX-listed companies has not significantly shifted.

Since, in many respects, DAX organisations and their leadership teams act as a standard followed non-listed firms, the current turmoil raises questions about the background and skills required by leaders at the very top, to navigate at the helm of large German corporations and ensure sustained success.

8. DAX-Vorstands-Report 2019.jpg

12 years

is the average period a board member works within a company before being called to serve on the board.

Read the report

Key facts from the DAX report 2019:

The following highlights emerged from the 2019 Odgers Berndtson DAX Board Report:

  • There is a lack of creative thinking when it comes to new board appointments. As was previously the case, nearly 80% of board members are hired within sector or similar fields. Only 20% are lateral hires.
  • Females serving on boards are increasingly taking on leadership roles including in operational areas, not just in the corporate functions such as HR, legal, compliance and procurement as was previously the case.
  • Boards are finally becoming more international. The proportion of non-German nationals serving on DAX Boards has risen sharply in the last two years and sits at 35%.


The full study with details of all findings including topics such as training and remuneration, can be downloaded here as a PDF.

Download 8th DAX Board Report


DAX Board Report - Methodology

The aim of our research, now in its eighth edition, is to analyse and track year-on-year shifts in the training, career development and pay of board members serving on companies listed on the German Stock Exchange (DAX).