Gender-quota boardrooms come at high price
Tuesday, February 25, 2014 - 06:31
in Psychology & Sociology
Boardroom gender quotas seem to be a success story. According to a new PhD study however, affected companies pay a high price for the gender quota law. As the first country in the world to do so, Norway adopted a law that requires public limited companies to ensure at least 40 per cent representation of both men and women on the company board. To make sure this law is obeyed, a death sentence, i.e. liquidation, may be imposed on companies that do not comply. The boardroom gender-quota law appears to be a huge success, and it has also garnered considerable attention internationally.