Gender diversity on corporate boards: Directors’ perceptions of board functioning and gender quotas

This research explores how increased gender diversity on corporate boards in Iceland, driven by applying a “hard” public policy, i.e., board quota legislation, has affected post-quota directors’ perceptions of functioning. study falls into the growing literature (Boshanna, 2021; Li et al., 2020). Directors’ opinions towards decision-making and monitoring activities are researched, as well their effect governance practices. A survey was answered 244 directors Iceland. Results show that initial attitude quotas more negative among male than female but became similar positive over time. Strong support is found for participation leading to different viewpoints being discussed at table addition better decision-making. picture emerges regarding behavior holding chief executive officers (CEOs) accountable focused These results were significantly view chairing assessed board. Male counterparts about short term having dynamics. indicates led impacting norms, according directors, policymakers intended.