In February 2011, the Savings Banks Finance Group launched an initiative to promote women in executive positions, introducing the nationwide S-Mentoring programme as an element of this initiative. Even though studies have shown that companies with a high share of women in top positions achieve better results, the potential of well-educated women often remains unfulfilled. Only around ten per cent of the 200 largest German companies have a female management board member. The share of female members of Savings Bank management boards is five per cent: this number will definitively improve, through targeted promotion and qualification measures.
To be eligible for appointment as a management board member, an individual needs to demonstrate management experience as well as professional skills. It is often impossible to acquire all this within one’s ‘home’ Savings Bank. Consequently, this requires cross-institution networks. Within the framework of the mentoring programme launched by the Savings Banks Finance Group, mentors and mentees meet regularly for up to two years. And the first female participant has made it: Sandra Peetz-Rauch has been a member of the management board of Sparkasse Aschaffenburg-Alzenau since 1 March 2014.
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