Legislating a Woman's Seat on the Board: Institutional Factors Driving Gender Quotas for Boards of Directors

Verfasser / Beitragende:
[Siri Terjesen, Ruth Aguilera, Ruth Lorenz]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 128/2(2015-05-01), 233-251
Format:
Artikel (online)
ID: 605483329
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024 7 0 |a 10.1007/s10551-014-2083-1  |2 doi 
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245 0 0 |a Legislating a Woman's Seat on the Board: Institutional Factors Driving Gender Quotas for Boards of Directors  |h [Elektronische Daten]  |c [Siri Terjesen, Ruth Aguilera, Ruth Lorenz] 
520 3 |a Ten countries have established quotas for female representation on publicly traded corporate and/or state-owned enterprise boards of directors, ranging from 33 to 50%, with various sanctions. Fifteen other countries have introduced non-binding gender quotas in their corporate governance codes enforcing a "comply or explain” principle. Countless other countries' leaders and policy groups are in the process of debating, developing, and approving legislation around gender quotas in boards. Taken together, gender quota legislation significantly impacts the composition of boards of directors and thus the strategic direction of these publicly traded and state-owned enterprises. This article outlines an integrated model of three institutional factors that explain the establishment of board of directors gender quota legislation based on the premise that the country's institutional environment co-evolves with gender corporate policies. We argue that these three key institutional factors are female labor market and gendered welfare state provisions, left-leaning political government coalitions, and path-dependent policy initiatives for gender equality, both in the public realm as well as in the corporate domain. We discuss implications of our conceptual model and empirical findings for theory, practice, policy, and future research. These include the adoption and penalty design of board diversity practices into corporate practices, bottom-up approaches from firm to country-level gender board initiatives, hard versus soft regulation, the leading role of Norway and its isomorphic effects, the likelihood of engaging in decoupling, the role of business leaders, and the transnational and international reaction to board diversity initiatives. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Corporate governance  |2 nationallicence 
690 7 |a Gender equality  |2 nationallicence 
690 7 |a Board gender codes  |2 nationallicence 
690 7 |a Board gender quotas  |2 nationallicence 
690 7 |a Welfare state  |2 nationallicence 
690 7 |a Left-leaning political coalitions  |2 nationallicence 
690 7 |a Path dependency  |2 nationallicence 
690 7 |a Publicly traded firms  |2 nationallicence 
690 7 |a State-owned enterprises  |2 nationallicence 
700 1 |a Terjesen  |D Siri  |u Department of Management and Entrepreneurship, Kelley School of Business, Indiana University, 1309 E. 10th St., 47405, Bloomington, IN, USA  |4 aut 
700 1 |a Aguilera  |D Ruth  |u College of Business, University of Illinois at Urbana-Champaign, 350 Wohlers Hall, 1206 S. Sixth St., 61820, Champaign, IL, USA  |4 aut 
700 1 |a Lorenz  |D Ruth  |u London School of Economics, Houghton Street, WC2A 2AE, London, UK  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 128/2(2015-05-01), 233-251  |x 0167-4544  |q 128:2<233  |1 2015  |2 128  |o 10551 
856 4 0 |u https://doi.org/10.1007/s10551-014-2083-1  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s10551-014-2083-1  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Terjesen  |D Siri  |u Department of Management and Entrepreneurship, Kelley School of Business, Indiana University, 1309 E. 10th St., 47405, Bloomington, IN, USA  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Aguilera  |D Ruth  |u College of Business, University of Illinois at Urbana-Champaign, 350 Wohlers Hall, 1206 S. Sixth St., 61820, Champaign, IL, USA  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Lorenz  |D Ruth  |u London School of Economics, Houghton Street, WC2A 2AE, London, UK  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 128/2(2015-05-01), 233-251  |x 0167-4544  |q 128:2<233  |1 2015  |2 128  |o 10551