As a result of the German "Act for the Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector" (Gesetz für die gleichberechtigte Teilhabe von Frauen und Männern an Führungspositionen in der Privatwirtschaft und im öffentlichen Dienst), Deutsche Telekom AG and other companies in the group subject to co-determination have been obliged since 2015 to set targets for the proportion of women on the Supervisory Board, the Board of Management/Managing Boards and the two management levels directly below the Board of Management/Managing Boards, along with deadlines for their implementation. With regard to the quota for the Supervisory Board of Deutsche Telekom AG, as a publicly listed company with equal co-determination, there is already a legal obligation to achieve a minimum quota of 30 % for both women and men. Since 1 August 2021, listed stock corporations with equal co-determination whose Board of Management, like that of Deutsche Telekom AG, consists of more than three members are also required to have at least one woman and at least one man on their Board of Management (Sec. 76 para. 3a Stock Corporation Act, Aktiengesetz); Deutsche Telekom AG complies with these requirements.
We would like to report here on the status quo at the beginning of the implementation period and the target setting of the Group companies affected by the above legal regulations. The responsible corporate bodies of Deutsche Telekom AG and the group companies listed below, which are all subject to co-determination, have set targets and implementation deadlines for the implementation of the legal requirements. All group compa-nies concerned have decided on implementation periods, which will end on 31 December 2025 for all companies.