Norway is one of the most egalitarian countries in the world, with a high levelof gender equality and a high percentage of women at work. Nevertheless,mandatory rules appeared necessary to bring about changes in thecomposition of corporate boards. This article describes the coup that madeNorway the first country in the world to mandate gender diversity oncorporate boards and outlines Norway’s innovative legislative approach tothis issue. The significance of gender diversity to corporate governance isdiscussed, drawing on empirical studies of the effect of diversity on theperformance of companies. The article also discusses the potentially broaderimpact of gender diversity in the boardroom, including the pressing questionof whether gender diversity in the boardroom can help companies createsustainable value within the planetary boundaries.
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