What Is Next?

Paola Profeta, Livia Amidani Aliberti, Alessandra Casarico, Marilisa D’Amico and Anna Puccio
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Marilisa D’Amico: State University of Milan
Anna Puccio: Accenture Italian Foundation

Chapter 10 in Women Directors, 2014, pp 193-195 from Palgrave Macmillan

Abstract: Abstract The Italian gender quota law is the successful result of a quite complex and interesting process. However, it can be considered to be only the first step in the direction of promoting gender equality and reaching gender-balanced decision-making processes. The law was mainly meant as a way to break the status quo and rebalance the gender representation on boards. This is what is behind its temporary nature. Now we expect the effects of the law to be long lasting. This will largely depend on how the market responds to the legislative measure. Quotas make numeric changes happen. The market then has to make the talent emerge, so that an effective change can be induced at board level. The law needs the market and the market needs a ‘nudge’ from the law. The final aim is the quality of boards, the contribution boards add to the management of a company and their ability to create sustainable value for the stakeholders. Only a sincere and mature engagement of the market can ensure that the numeric change develops into value for stakeholders. The law should not aim at achieving a female share of women on boards equal to 33% by 2018. It should aim at maintaining a significant and highly qualified female presence beyond 2018.

Keywords: Woman Director; Numeric Change; Gender Representation; Board Level; Legislative Measure (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-42748-9_10

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DOI: 10.1057/9781137427489_10

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