Does Mandatory Board Gender Balancing Reduce Firm Value?
Reynolds Holding
JUNE 13, 2022
This law, which regulated all Norwegian public liability companies (“ Allmennaksjeselskaper” or ASA, which can raise equity capital from the public), requires at least 40 percent of directors to be male or female. The law took effect in December 2005 and gave companies two years to comply – or face forced liquidation.
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