49.7 percent of the workforce of Volkswagen Financial Services AG in Germany are women, but this is not yet reflected in the percentage of women in management positions. We have set ourselves the target to permanently increase the proportion of women in management positions to 30 percent.
We are working to meet the targets we set ourselves in 2010 for the proportion of women in management by giving special consideration to female candidates in recruitment and succession planning, in combination with measures to improve the work-life balance as well as systematic succession planning and the development of HR tools. The agreed trajectory was revised in 2015 and reconfirmed by the Board of Management and senior management, with a resolution passed at the highest level. In addition, targets were resolved for the first time for the proportion of women on the Supervisory Board and the Board of Management of Volkswagen Financial Services.
When offering jobs to female university graduates, for example, our decisions are guided by the proportion of female students on the respective course. The increased proportion of highly qualified women joining the Company will enable us to continuously raise the proportion of female managers at the various management levels in the coming years. On this basis, Volkswagen Financial Services has set itself the target of increasing the proportion of women at the first management level to 10.7 percent by the end of 2016. The target for the second management level is 22.0 percent. The Supervisory Board has resolved a target of 16.7 percent to be reached by the end of 2016. In 2015, 16.7 percent of the members of both the Supervisory Board and the Board of Management were women.