PROMOTING DIVERSITY IN EUROPEAN BOARDROOMS: A COMPARATIVE STUDY OF CODES OF BEST PRACTICES

Lana CINDRIĆ, Ivana KOVAČ, Anamarija IDŽOJTIĆ

Abstract


As the call for diversity and inclusion in corporate governance intensifies, examining the effectiveness of best-practice guidelines becomes paramount. This paper presents a comprehensive comparative analysis of board diversity practices within the European corporate governance landscape. It explores the best-practice codes implemented by various European countries, revealing a diverse array of strategies aimed at fostering diversity and their repercussions for corporate governance. Transparency and accountability emerge as common themes, with many codes mandating public reporting on diversity initiatives. Furthermore, gender diversity remains a focal point, reflecting the global commitment to achieving gender balance in corporate governance. This comprehensive examination not only provides valuable insight, but also offers a valuable resource for benchmarking and adopting best practices in corporate governance. It stimulates further research and policy dialogue to advance board diversity within the European context.


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References


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