An Agency Theoretical Approach to Corporate Board Diversity
68 Pages Posted: 14 Aug 2014 Last revised: 28 Oct 2015
Date Written: August 12, 2014
The available evidence indicates that the existing legal regimes for increasing gender diversity on corporate boards in the United States and Australia are ill-suited to their objectives and are unlikely to yield a significant upward change within a reasonable time-frame. Therefore, we posit a normative model for increasing women’s representation on corporate boards based upon a comparative study of several jurisdictions. The model is tightly restricted to the goals of corporate governance and unpacks distinctions between the traditional justifications advanced in the literature.
Keywords: corporate governance, board diversity, women's representation
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