Gender diversity in boards Reporter:Guo Yaosen
Gender diversity in boards Reporter: Guo Yaosen
1.Gender diversity in boards Countries Reforms about gender diversity British All companies should voluntarily reserve a minimum of 25%of their board seats for female directors. Sweden Gender diversity is a legal requirement. Norway Mandatory Gender quota(40%for female). France It planned to promote gender quota in companies' boards before 2016. Belgium Its company law has instituted a regulation about gender diversity. Australia All companies should disclose their targets about gender diversity
1. Gender diversity in boards Countries Reforms about gender diversity British All companies should voluntarily reserve a minimum of 25% of their board seats for female directors. Sweden Gender diversity is a legal requirement. Norway Mandatory Gender quota (40% for female). France It planned to promote gender quota in companies’ boards before 2016. Belgium Its company law has instituted a regulation about gender diversity. Australia All companies should disclose their targets about gender diversity
1.Gender diversity in boards Question: Why the gender diversity in boards is so important?
1. Gender diversity in boards Question: Why the gender diversity in boards is so important?
1.Gender diversity in boards Reason 1:Helps to mitigate the agency problem Shareholders← Board (Principal) (Agent) Agency problem Devices: (1)Fiduciary duty (2)Executive compensation
1. Gender diversity in boards Reason 1: Helps to mitigate the agency problem Shareholders (Principal) Board (Agent) Agency problem Devices: (1) Fiduciary duty (2) Executive compensation
1.Gender diversity in boards A.Women are less likely to have attendance problems B.Female directors are tougher monitors Fiduciary duty Shareholders Board (Principal) (Agent) Executive compensation Gender-diverse boards win more trusts from companies
1. Gender diversity in boards A. Women are less likely to have attendance problems B. Female directors are tougher monitors Fiduciary duty Executive compensation Gender-diverse boards win more trusts from companies Shareholders (Principal) Board (Agent)