Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas

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.

Citation

Arnardottir, A.A. and Sigurjonsson, T.O. (2018), "Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas", Sigurjonsson, T.O., Schwarzkopf, D.L. and Bryant, M. (Ed.) The Return of Trust? Institutions and the Public after the Icelandic Financial Crisis, Emerald Publishing Limited, Leeds, pp. 227-244. https://doi.org/10.1108/978-1-78743-347-220181017