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Women Do the Job: The Reasons to Set Quota for Women on Boards

机译:妇女胜任工作:为董事会设定妇女配额的原因

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In 2012 Italy introduced quota to increase the number of women on corporate boards. The aim of our research is to shed more lights on how women on boards, after the enforcement of quota law, improve the board functions and the board structure. Our study focuses on all Italian FTSE MIB companies from 2008 to 2015. Italy is a country where the percentage of female directors was very low before quota. Female directors, when present, were linked through a family connection to the controlling shareholder. Our research demonstrates that a higher percentage of women on boards, after the quota, leads to a higher board members attendance and more board meetings, thus a better board monitoring. We document that, after quota, one more women to the board results in increasing the board involvement in strategy and the independence of audit committee. Our findings provide empirical support on the effectiveness of female directors, suggesting important implications of the quota legislation on the “type” of women elected.
机译:2012年,意大利实行配额制,以增加公司董事会中的女性人数。我们的研究目的是进一步阐明实施配额法后董事会中的女性如何改善董事会职能和董事会结构。我们的研究重点是从2008年到2015年所有意大利FTSE MIB公司。意大利是一个女性国家,在配额分配之前女性董事所占的比例非常低。女董事在场时通过家族联系与控股股东联系在一起。我们的研究表明,配额分配之后,董事会中女性所占的比例越高,董事会成员的出席率和董事会会议就越多,从而可以更好地监控董事会。我们记录到,在配额定额之后,董事会中又有一位女性,这导致董事会增加了对战略的参与以及审计委员会的独立性。我们的发现提供关于女性董事有效性实证支持,表明配额的立法具有重要意义的当选妇女的“类型”。

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