What are the different approaches taken internationally towards driving greater diversity at board level?
In this recording, Emma Bartlett, Partner at CM Murray LLP (UK), Pål Kvernaas, Partner at Haavind Law Firm (NO), Teresa L Johnson, Partner at Arnold & Porter (US), Wendi Lazar, Partner at Outten & Golden (US), and Carl-Frederik Hedenstrom, Partner at CFH (SE) explore the different approaches taken internationally toward greater diversity on boards as a follow-up to the panel discussion at the 3rd IFSEA International Conference on Risk, Reward and Reputation Management Issues for Senior Executives & Founders in June 2022.
In particular, the panel discuss:
- The effectiveness, challenges, and implementation of Norway’s mandatory quotas for women on boards and whether this approach has seen an increase in productivity and profitability over the past 16 years;
- The US approach, including the recently introduced, controversial legislation in California, which saw quotas implemented in order to improve board diversity and the impact that this legislation has had;
- The effectiveness of the non-legislative road to board diversity in Sweden and the recent decision to vote against the new EU directive for board equality; and
- The UK approach to board diversity and the introduction of new listing rules by the Financial Conduct Authority, with the objective to encourage transparency and accountability in relation to diversity.
This recording follows the Diversity and Inclusivity session during the 3rd IFSEA International Conference on Risk, Reward and Reputation Management Issues for Senior Executives & Founders, which took place in London on 14 June 2022.