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Norway’s female boardroom quotas: what has been the effect?

Eight years after Norway introduced the law on gender equality in boardrooms, there are zero female CEOs in the country’s 60 largest companies. Mari Teigen and other researchers have written a book about why the boardroom quota system has had such a small “contagious” effect.
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The discussion continued

after the launch of ‘The female quota’s effect on Norwegian business’. Mari Teigen (left in the picture above) is the book’s editor. Svein Rennemo is chair of the board at Statoil, while Turid Solvang heads the Institute of Directors.

Some results from the book:

The researchers are busting some myths created by the Norwegian quota legislation, including that only a few women got all the board seats. There are fewer so-called golden skirts (experienced executive women who after the legislation were in high demand) now.

In 2008 women had no more than ten board seats each, while no men had more than seven. In 2013 that number had fallen to six seats for women and five for men. 

In 2013 women had 2.46 board seats on average, while men had 2.25.

Since 2008 the number of board seats covered by the quota law has fallen dramatically. When the law was introduced there were 452 public limited companies (ASA). In 2013 there were only 257, since many companies had changed their company type. The number of board seats dropped from 2,366 in 2008 to 1,423 in 2013.

Managing the work-life balance is a greater challenge for female bosses than for male ones. 88 percent of male bosses say they have a partner with a less demanding job, compared to 60 percent of the female respondents.

 

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The book is published by Gyldendal Akademisk.

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