You're fired!
Imagine you're one of the 13 men on this all-male board of a large company and are told five of you must go to be replaced by women. Unlikely? Not in Norway, where they're enforcing a law that 40% of directors must be female
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This month, Norway set a new global record. It now has, at 40%, the highest proportion of female non-executive directors in the world, an achievement engineered by the introduction of a compulsory quota
Two years ago, after several years of voluntary compliance had failed to lead to a sufficient number of female board members, 463 "ASAs" - publicly listed companies over a certain size - were told to change the composition of their boards or risk dissolution
"A woman comes in, a man goes out. That's how the quota works; that's the law,"
"Very seldom do men let go of power easily. But when you start using the half of the talent you have previously ignored, then everybody gains."
In 2002, only 7.1% of non-executive directors of ASAs were female
clipped from: lifeandhealth.guardian.co.uk