Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas

Audur Arna Arnardottir; Throstur Olaf Sigurjonsson

doi:10.1108/978-1-78743-347-220181017

Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas

Audur Arna Arnardottir, Throstur Olaf Sigurjonsson

University of Iceland, Reykjavik University

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

According to some key actors in Iceland’s financial sector, in the wake of the financial crisis, Icelandic financial institutions consciously tried to build trust and a positive new image through, among other things, the visible presence of women on their corporate boards and management teams. By strict adherence to gender quota legislation and through improved corporate governance practices and much stricter control and monitoring, the financial sector sent signals of change to various stakeholders. Now 10 years on, the re-establishment of trust is still a work in progress.

Original language	English
Title of host publication	The Return of Trust? Institutions and the Public after the Icelandic Financial Crisis
Publisher	Emerald Group Publishing Ltd.
Pages	227-244
Number of pages	18
ISBN (Electronic)	9781787433472
ISBN (Print)	9781787433489
DOIs	https://doi.org/10.1108/978-1-78743-347-220181017
Publication status	Published - 1 Jan 2018

Bibliographical note

Other keywords

Board of directors
corporate governance
diversity
gender legislation
gender stereotypes
risk appetite

Access to Document

10.1108/978-1-78743-347-220181017

Cite this

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AU - Sigurjonsson, Throstur Olaf

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N2 - According to some key actors in Iceland’s financial sector, in the wake of the financial crisis, Icelandic financial institutions consciously tried to build trust and a positive new image through, among other things, the visible presence of women on their corporate boards and management teams. By strict adherence to gender quota legislation and through improved corporate governance practices and much stricter control and monitoring, the financial sector sent signals of change to various stakeholders. Now 10 years on, the re-establishment of trust is still a work in progress.

AB - According to some key actors in Iceland’s financial sector, in the wake of the financial crisis, Icelandic financial institutions consciously tried to build trust and a positive new image through, among other things, the visible presence of women on their corporate boards and management teams. By strict adherence to gender quota legislation and through improved corporate governance practices and much stricter control and monitoring, the financial sector sent signals of change to various stakeholders. Now 10 years on, the re-establishment of trust is still a work in progress.

KW - Board of directors

KW - corporate governance

KW - diversity

KW - gender legislation

KW - gender stereotypes

KW - risk appetite

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BT - The Return of Trust? Institutions and the Public after the Icelandic Financial Crisis

PB - Emerald Group Publishing Ltd.

ER -

Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas

Abstract

Bibliographical note

Other keywords

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Cite this