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Article
Homogeneous Corporate Governance Cultures
Osgoode Legal Studies Research Paper Series
  • Aaron A. Dhir, Osgoode Hall Law School of York University
Research Paper Number
64/2014

View the research paper on SSRN here.

Document Type
Article
Publication Date
2014
Keywords
  • Corporate governance,
  • corporate law,
  • securities regulation,
  • gender diversity,
  • quotas,
  • disclosure,
  • socio-legal research,
  • semi-structured interviews,
  • mixed-methods content analysis
Abstract

The lack of gender parity in the governance of business corporations has ignited a heated global debate, leading policymakers to wrestle with difficult questions that lie at the intersection of market activity and social identity politics. Challenging Boardroom Homogeneity draws on semi-structured interviews with corporate board directors in Norway and documentary content analysis of corporate securities filings in the United States to investigate empirically two distinct regulatory models designed to address diversity in the boardroom — quotas and disclosure. The author’s study of the Norwegian quota model demonstrates the important role diversity can play in enhancing the quality of corporate governance, while also revealing the challenges diversity mandates pose. His analysis of the US regime shows how a disclosure model has led corporations to establish a vocabulary of “diversity.” At the same time, the analysis highlights the downsides of affording firms too much discretion in defining that concept. This book thus deepens ongoing policy conversations and offers new insights into the role law can play in reshaping the gendered dynamics of corporate governance cultures.

Citation Information
Aaron A. Dhir. "Homogeneous Corporate Governance Cultures" (2014)
Available at: http://works.bepress.com/aaron_dhir/22/