Skip to main content

Equal opportunities

Language:
English

Year:

2024

Declaration dated 16 April 2024

Definition of aims and terms for the rise of the women portion in the supervisory board, the management board and in both leadership levels below the management board.

Following the entry into force of the "Law on Equal Participation of Women and Men in Management Positions in the Private and Public Sector" (FüPoG), the supervisory board of Adtran Networks SE has last set on November 15, 2017, that a women’s portion of 33.33% in the supervisory board shall be maintained until March 31, 2021, and a women’s portion of 0% in the management board until December 31, 2021. As of March 31, and December 31, 2021, these shares
have been realized.

On February 23, 2021, the supervisory board gave itself a new competence profile for the period that followed. This stipulates that the three-person supervisory board should consist of at least one woman and at least one man until the end of the Annual General Meeting that decides on the discharge in the 2024 financial year. The status quo of 33.33% women has thus been updated.

On March 8, 2023, the supervisory board resolved to maintain the current status (0% proportion of woman) within the management board until December 31, 2024. For setting a target of 0% the following justification is given: Following last year’s public takeover offer, in January 2023 a domination and profit and loss transfer agreement, with Adtran Holdings, Inc., as the dominating company has been registered with the commercial register and thus come into effect. The Supervisory Board would first like to wait and see how the ongoing integration process develops
before the target is being adjusted. In any case, the Supervisory Board will pay attention to diversity when making new appointments. However, achieving the desired higher proportion of women on the Management Board continues to be made more difficult by the lower proportion of women with the seniority required for a position on the Management Board in the professions relevant to the company's business area.

Following the entry into force of the FüPoG, the management board of Adtran Networks SE had set an 8% women's share for the first management level and a 30% women’s share for the second management level below the management board; both to be achieved by June 30, 2017. As of June 30, 2017, the women’s portion on the first management level has been 7%, and 32% on the second management level, exceeding the self-imposed target on the second management level, but slightly missing the self-imposed target of the first management level. This was due to an in- house change of a reporting line that lifted a male executive from the second to the first management level; besides that, the management structure and team remained unchanged at both management levels. For the following period, Adtran Networks SE's management board has set a target of 7% for the women's share on the first level of management and of 30% on the second level of management below management board, both to be achieved until June 30, 2022. As of June 30, 2022, the women’s portion on the first management level has been 9%, and 37% on the second management level. This exceeded the self-set target on the first and second management level.

At the end of June 2022, the Management Board of Adtran Networks SE set a 13% women’s share for the first management level below the Management Board and a 35.2% women’s share for the second management level below the Management ; both to be achieved by June 30, 2027. As of December 31, 2022, the women’s portion on the first management level has been 10% and 37% on the second management level 37%. As of December 31, 2023, the women’s portion on the first management level has been 21 % and 36 % on the second management level. This exceeded the self-set target on the first and second management level.