Monday, November 23, 2020
Darren Rosenblum, Diversity and the Board of Directors: A Comparative Perspective"
Draft Chapter for Elgar's Research Handbook on Comparative Corporate Governance (Afsharipour & Gelter, eds.), Forthcoming
Upon Norway’s adoption of its corporate board quota, nobody would have predicted that, within fifteen years, most of the top ten economies would follow suit. When Norway adopted its corporate board quota in 2003, it took a clear, new direction for corporate governance and for equality law. In so doing, it recognized two things: 1) the central role that the private sector plays in determining questions of equality, and 2) the responsibility of the state to ensure that the private sector would rectify entrenched discrimination. These statutes effectively feminized boards across Europe and elsewhere. This Chapter maps the divergent directions these quota efforts have taken, in both civil and common law jurisdictions. Contrasts among these efforts reveal distinct frameworks for inclusion. As social science makes sense of the efficacy of these efforts, this Chapter suggests directions that future inclusion efforts may take.