Norway's Gender Quota Law

Norway's Gender Quota Law, enacted in 2003, mandates that at least 40% of the board members in publicly listed companies must be women. The law aims to promote gender equality in corporate leadership, addressing the historical underrepresentation of women in these roles. Companies that fail to comply face penalties, including potential dissolution. This legislation has positioned Norway as a global leader in gender parity in business, encouraging other countries to consider similar measures to enhance women's participation in decision-making processes within the corporate sector.