The number of female executive board members at Germany's 160 listed companies remains low, with a study seen by dpa showing their proportion has risen by a marginal 0.8 percentage points to reach 8 percent this year.
The study, set to be published on Monday by Germany's All Bright institute, shows Germany lagging behind countries such as the United States, Britain and Sweden, where all-male executive boards have for the most part become a thing of the past.
"[German] businesses will have to reorganize, otherwise international competitors will leave them behind," said Wiebke Ankersen, the head of the institute that publishes the so-called "Power of Monoculture" study.
The most significant improvement was reported among medium-sized MDAX-listed companies, where the proportion of women on executive boards jumped from 3.8 percent last year to 6.8 percent on September 1.
A statutory gender quota for supervisory boards took effect in early 2016, obliging companies to ensure 30 percent of places are filled by women. There is no legal quota for executive boards.
The All Bright study showed that the proportion of women on supervisory boards at listed companies stood at 30.5 percent on September 1.
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