Norway represents the paradigmatic case of this disturbance and has set in motion a wave of corporate governance reform unlike any other.
As such, it constitutes a fascinating and appropriate case study through which to consider the implications of quota regimes. My study of the Norwegian quota model demonstrates the important role diversity can play in enhancing the quality of corporate governance, while also revealing the challenges diversity mandates pose.
Challenging Boardroom Homogeneity: Corporate Law, Governance, and Diversity
In Chapter 6 , also recently made available on SSRN, I explore the disclosure-based approach to addressing diversity in corporate governance. In , the United States Securities and Exchange Commission adopted a rule requiring publicly traded firms to report on whether they consider diversity in identifying director nominees and, if so, how. The rule also requires firms that have adopted a diversity policy to describe how they implement the policy and assess its effectiveness.
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I present findings from my mixed-methods content analysis of corporate disclosures submitted during the first four years of the rule in order to provide empirical elucidation of how the rule operates in practice. I am interested in learning how these firms, in responding to the rule, construct the concept of diversity through their public discourse. What does diversity, viewed through the prism of legal regulation, mean to market participants?
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How do they interpret and understand this socio-political idea in the absence of a regulatory definition? How is diversity constituted and discursively performed? My most salient finding, however, is that when interpreting this concept in the absence of regulatory guidance, the dominant corporate discourse is experiential rather than identity-based. Challenging Boardroom Homogeneity aims to deepen ongoing policy conversations and offer new insights into the role law can play in reshaping the gendered dynamics of corporate governance cultures.
The full version of Chapter 1 is available for download here.
Challenging Boardroom Homogeneity
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Add to Wishlist Add to Wishlist. The lack of gender parity in the governance of business corporations has ignited a heated global debate, leading policymakers to wrestle with difficult questions that lie at the intersection of market activity and social identity politics. Drawing on semi-structured interviews with corporate board directors in Norway and documentary content analysis of corporate securities filings in the United States, Challenging Boardroom Homogeneity empirically investigates two distinct regulatory models designed to address diversity in the boardroom: quotas and disclosure.
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