Women have been struggling to break into company boardrooms across the developed world for years. In an effort to address the chronic lack of women in decision-making positions, some countries have introduced mandated quotas for female boardroom membership. These include France (33 percent), Germany (30 percent) and Norway (40 percent) among others. After much discussion, the latter became the first country in the world to introduce a female boardroom quota, with companies failing to comply facing possible dissolution.
The move has proven highly successful with PwC reporting that women now account for 39 percent of Norwegian boardrooms. That number has been consistently higher than other developed nations for years. Finland and France have also made strides, with female boardroom representation reaching 30 and 26 percent respectively. The United States has some catching up to do with women only accounting for 12 percent of boardroom membership, though it is still far ahead of Japan and South Korea’s 2 percent.