November 01, 2018 Washington, DC— In the fifth edition of “Breaking the Glass Ceiling: Women in the Boardroom,” a global study of gender parity on corporate boards, Paul Hastings LLP, a leading global law firm, finds that women are making advances across Europe and in some other countries, but overall are still underrepresented in the boardroom. The most positive changes were found in Belgium, France, Germany, Italy, Norway, and the United Kingdom, as well as in Australia and Kenya. The full report includes developments from more than 40 jurisdictions.
The report, considered a first-of-its-kind for a major law firm, provides insights into a variety of approaches to foster gender equality in the boardroom. Among the most effective approaches, according to the report’s findings, are mandatory quotas, public stock exchanges’ diversity policies, and efforts undertaken by institutional investors.