The German “Act on Equal Participation of Women and Men in Executive Positions in the Private and the Public Sector” became law on 1 May 2015. As the MünchenerHyp Supervisory Board was altered in 2016 to comply with the terms of the One-Third Participation Act (Drittelbeteiligungsgesetzes), the Supervisory Board passed a resolution on 17 October 2016 defining a quota for women represented on the Supervisory Board, the Board of Management and the top two executive levels below the Board of Management. The quota for all levels is 20 percent and 33 percent for the Board of Management. Independent of this new law, MünchenerHyp considers itself to be a modern enterprise as reflected by its social, cultural and business values and views the promotion of the underrepresented gender as a natural element of its embedded leadership culture.