Investors for Diversity’s mission is to support capital market participants to use their influence to increase diversity on the boards of Germany’s listed companies.

Our focus is on institutional investors, asset managers, proxy advisors, rating agencies, and investment banks that can call for greater diversity in a number of areas, including capital measures, investor dialogues, rating reviews, advisory mandates, or through their voting decisions at shareholder meetings.

We provide tailored advice on how to integrate diversity requirements into investment guidelines, the routes available to investors to impact diversity, and how to assess an issuer’s level of board diversity.


In our comprehensive study, we analysed the influence of institutional investors on the board diversity of DAX® and MDAX® companies: How important is diversity to the largest investors in the DAX® and MDAX®? What influence do investors have over the diversity of companies? To what extent are investors using their position to push for greater diversity?

Largely Ineffective Demands: The Influence of Investors on German Executive and Supervisory Board Diversity

Empirical Starting Points & Recommendations for Action


The study was funded by the German Federal Ministry for Family Affairs, Senior Citizens, Women and Youth.

We are an experts’ network of the Berlin School of Economics & Law Berlin.

Senior Counsel, Cleary Gottlieb Steen & Hamilton LLP

Chief Financial Officer, Storengy     

Expert for Governance & Diversity, HWR Berlin