Preliminary communication
GENDER EQUALITY ON CORPORATE BOARDS: TOWARDS A MORE INCLUSIVE AND RESPONSIBLE SOCIETY EMPIRICAL EVIDENCE FROM CROATIA
Darko Tipurić
orcid.org/0000-0001-8785-0179
; Faculty of Economics & Business, University of Zagreb, Zagreb, Croatia
Marina Lovrinčević
orcid.org/0000-0003-0062-8466
; Faculty of Economics, University of Split, Split, Croatia
Ana Lovrinčević Šelamov
; Faculty of Law, University of Mostar, Mostar, Bosnia and Hercegovina
Abstract
Gender diversity issues are receiving great attention worldwide. Empirical evidence suggests that stronger women representation on boards is positively related to financial performance. Across Europe, initiatives for greater women representation on boards are undertaken. They vary from one country to another and include proposals in national codes, voluntary initiatives, demands for disclosure of nomination policies and legal quotas for women on company boards. Recent data show that women account for an average of 18.6% of the members of boards in the EU 28 member states. Results of the empirical study we provide show that women representation on Croatian companies’ boards is just below European average and that the progress in ten years period has been fairly poor. Still, in Croatia doesn’t exist strong social support nor legislative that would improve gender balance in supervisory and management boards.
Keywords
gender equality; boards; Croatian companies
Hrčak ID:
141597
URI
Publication date:
1.6.2015.
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