On their own initiative, the companies listed on Germany's DAX stock market index set individual targets for increasing the percentage of women in their management positions. Every year, these companies report on their progress in status reports. Siemens has set a goal of increasing the share of women in its management in Germany from 10 percent at the end of September 2011 to 12 to 13 percent by 2015. This target has been reached. By the end of fiscal 2014, nearly 13 percent of the company's managers in Germany were women.

The DAX companies' current voluntary targets are not comparable to the targets now legally required for management boards and the top two levels of company management. The German law requires that management teams set targets for their companies' management boards and top two leadership levels by September 30, 2015. For this reason, the DAX companies will continue to report on their progress in achieving their voluntary national and international targets in addition to publishing the status of their compliance with the German law.
END