Deutsche Bank

Human Resources
Report 2015

Implementing German gender quota legislation

Deutsche Bank will continue its efforts to advance women in the workplace under new gender quota legislation introduced in Germany in 2015.

The percentage of women on Deutsche Bank’s Supervisory Board stood at 35% at the end of 2015, above the new statutory requirement of 30% for listed and co-determined German companies.

of Deutsche Bank’s Supervisory Board members are female

The Supervisory Board set a target of at least one female member of the Management Board by June 30, 2017. The target was met with the appointment of Sylvie Matherat, Chief Regulatory Officer, to the Management Board on November 1, 2015. It is planned that another female executive, Chief Operating Officer Kim Hammonds, will join the Management Board in the course of 2016. For the management boards or management committees of the other Group companies in the scope of the gender quota law, the Bank has set the same target of at least one female member to the extent legally permissible in the respective jurisdiction.

Implementing German gender quota legislation at Deutsche Bank AG

 

December 31,
2015 status

June 30,
2017 target

December 31,
2020 target

All figures apply to Deutsche Bank AG. For the management boards or management bodies of other legal entities in scope, the Bank has set the following targets: (1) Female supervisory board members: 30%; (2) Female management board or management committee members: at least one female member to the extent legally permissible in the respective jurisdiction; (3) top two management levels below: between at least 15% and at least 30% by June 30, 2017, depending on the current status and taking into consideration the legal requirement that targets must not be lower than the status quo, if that status represents a proportion of women below 30%, and 30% by December 31, 2020.

*

Legal requirement

Women on the Supervisory Board

35%

30%*

30%*

Women on the Management Board

1

At least 1

At least 1

First management level below the Management Board

17.9%

17%

20%

Second level below the Management Board

15.3%

21%

25%

As of year-end 2015, 17.9% of positions at the first management level below the Management Board of Deutsche Bank were held by female executives. At the second level below the Management Board, this percentage stood at 15.3%. The Bank has set itself targets for these levels for 2017 and 2020 in accordance with legal requirements in Germany, and its implementation approach has been widely recognized by external stakeholders.