Apr 03, 2013
Deloitte Global Center for Corporate Governance came out with a report that looks at 25 countries and their efforts at increasing the number of women in corporate boardrooms.
Deloitte Global Center for Corporate Governance produced a new survey of recent efforts — legislative and otherwise — to increase the participation of women in boardrooms across the globe. The survey, “Women in the boardroom: A global perspective” is in its third edition, highlights initiatives, spanning 25 countries and six continents, aimed at balancing the scales in favor of a more diverse and gender-inclusive boardroom.
- In some parts of the world, governments commit to expand opportunities for women; still others have seen the movement toward quotas as another response to the financial crisis.
- The Australian corporate governance code, known as the ASX Corporate Governance Council Principles and Recommendations, was re-issued on 30 June 2010 by the ASX Corporate Governance Council and now contains a number of new recommendations relating to gender diversity.
- China’s corporate governance code (Code of Corporate Governance for Listed Companies in China) does not mention gender as a desirable quality or background for board candidates.
- In December 2012, the lower house of the Parliament of India passed the Companies Bill that improved corporate governance practices throughout India. Chapter XI, titled Appointment and Qualifications of Directors, states that public companies must have at least one woman director.
- In New Zealand, publicly listed companies will now come under pressure to promote women to boards and management under proposed new stock exchange rules.
- The Brazilian Senate is discussing the inclusion of compulsory quotas for state and mixed-capital enterprises, which would eventually require a 40 percent representation of women on boards by 2022.