Women on Corporate Boards of Directors
Show Less

Women on Corporate Boards of Directors

International Research and Practice

Edited by Susan Vinnicombe, Val Singh, Ronald J. Burke, Diana Bilimoria and Morten Huse

This important new book addresses the growing international interest in women on corporate boards of directors.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 8: Women on Corporate Boards of Directors: The Icelandic Perspective

Thoranna Jónsdóttir


Thoranna Jónsdóttir INTRODUCTION By international standards Iceland ranks high in terms of gender equality and equal opportunity. In 1980 Icelanders elected the world’s first female president. A few years later the female party was established, and in the 1983 parliament elections the number of female parliament members increased from the stagnant 5 per cent to 15 per cent (Statistics Iceland, 2007a). Iceland frequently ranks high on gender equality indexes. When it comes to powerful positions in the business arena, the situation is surprisingly different. The Icelandic business world could be considered to have been somewhat isolated up until the last decades of the twentieth century. The recent changes can be attributed mainly to the establishment of the Icelandic Stock Exchange (ICEX) and removal of currency trade restrictions in 1992, and membership of the European Economic Area (EEA) in 1994. Furthermore, financially strong pension funds and the privatization of the banking system provided increased capital for foreign investment which has increased dramatically in the past decade (Tómasdóttir and Olafsson, 2007). The Icelandic stock exchange became part of the Nordic Exchange (OMX) in late 2006. In June 2007 just over 20 Icelandic companies were listed on the OMX (Nordic Exchange, 2007). Icelandic companies can be considered to have two tier boards; a supervisory board composed of non-executive directors and usually an executive board composed of the chief executive and other executive directors of the company. It is the supervisory board, however, that holds the legal responsibility towards...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.