Do nomination committees encourage corporate board diversity?

Hildur Magnúsd—ttir, Throstur Olaf Sigurjonsson, Audur Arna Arnardottir and Patricia Gabald—n

Chapter 8 in Research Handbook on Diversity and Corporate Governance, 2023, pp 96-111 from Edward Elgar Publishing

Abstract: In this chapter, we assess Nomination Committees (NCs), building on the results of a study conducted in Iceland, a country where board gender quota and NCs have relatively recently been established. The study aims to explore NCs role in the selection process of corporate board members and whether those processes promote increased board diversity, above and beyond the emphasis on gender diversity which legislation demands. This is done by conducting thirteen interviews with investors, board members, and NCs members, using the lenses of agency theory and social identity theory. Findings are that the emergence of NCs has promoted and enhanced improved selection processes of board members, the transparency of that processes, and increased gender diversity on boards.

Keywords: Business and Management; Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2023
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