Oct
16
Date: 16 October 2014 18:00
Location: The Geological Society
Category: Seminar

Getting the Women on Board: The Quota Truth Ten Years On

Photo: The Norwegian- British Chamber of Commerce, NBCC.Photo: The Norwegian- British Chamber of Commerce, NBCC

Team Norway in the UK, represented by the Norwegian- British Chamber of Commerce (NBCC), will be hosting a seminar at the Geological Society on October 16th, where a panel of senior representatives from the business community and government officials across the UK and Norway will examine the business and cultural impact of women quotas on public company boards.

As the first country in the world, Norway passed a law in 2003 stating that both women and men should be represented with at least 40 per cent each on the boards of public limited companies. The law aimed to increase the share of women on public boards, which had been around 3 -7 per cent between 1993 and 2003.  The law came into effect in 2006, and the share of women has since then increased to 40 per cent.

Since its implementation, the quota law has received widespread support as well as criticism, both nationally and internationally. The debate arrived in the UK following a report in 2011 by former trade and industry minister Lord Davies, which recommended businesses should aim for a minimum of 25 per cent female board members by 2015. An EU proposal to move towards a gender quota of 40 per cent on boards made the debate even more topical, but in neither case, however, has the proposed quota system been implemented.

On October 16th, a panel consisting of senior representatives from the business community and government officials across the UK and Norway will examine the business and cultural impact of women quotas on public company boards. They will look into the empirical evidence in support of the quota law on business results and discuss whether governments should look to enforce such a law. The question of whether businesses should do more to increase a more diverse and gender balanced workforce will also be addressed.

Representing the Norwegian Embassy in London, which for the first time has a female ambassador, the Deputy Head of Mission Ragnhild Imerslund, will provide opening remarks on the topic. Helen Croft, partner at the Results Centre, will moderate the panel, in which the following will participate:

Denise Wilson, CEO of Women on Boards
Kristian Siem, founder of Siem Industries
Helge Solbakken, CEO of the Offshore Media Group
Mike Walker, Managing Director of SThree Plc/Progressive GE
Eli Sætersmoen, Managing Director of Falc Nutec AS.

The panelists will give short presentations drawing on their own experiences related to the Norwegian Quota Law and women on boards. There will be a panel discussion, a Q&A session and possibilities to network after the presentations.

Click here to register for the event, by Thursday October 9th.
For more information about the event, contact the NBCC on email event@nbccuk.com

 


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The Geological Society
Burlington House- Piccadilly
W1J 0BG London
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