Version 1
: Received: 7 October 2024 / Approved: 7 October 2024 / Online: 8 October 2024 (08:50:02 CEST)
How to cite:
Banerjee, S.; Kogabayev, T.; Värnik, R. Corporate Governance in Estonia: Equilibrium on Board. Preprints2024, 2024100476. https://doi.org/10.20944/preprints202410.0476.v1
Banerjee, S.; Kogabayev, T.; Värnik, R. Corporate Governance in Estonia: Equilibrium on Board. Preprints 2024, 2024100476. https://doi.org/10.20944/preprints202410.0476.v1
Banerjee, S.; Kogabayev, T.; Värnik, R. Corporate Governance in Estonia: Equilibrium on Board. Preprints2024, 2024100476. https://doi.org/10.20944/preprints202410.0476.v1
APA Style
Banerjee, S., Kogabayev, T., & Värnik, R. (2024). Corporate Governance in Estonia: Equilibrium on Board. Preprints. https://doi.org/10.20944/preprints202410.0476.v1
Chicago/Turabian Style
Banerjee, S., Timur Kogabayev and Rando Värnik. 2024 "Corporate Governance in Estonia: Equilibrium on Board" Preprints. https://doi.org/10.20944/preprints202410.0476.v1
Abstract
This paper starts with an assumption, that there are strong strategic benefits in having boards with members of different backgrounds, experience, and particularly gender, which is reflected in better corporate governance. The central research question of this paper is: To what extent have Estonian listed companies complied with the requirements of the EU law on Gender Balance on Boards compared to other Nordic countries? In the case of Estonia, all listed companies on the Tallinn Stock Exchange are included in our sample. The authors purposely focus on developing ownership strategies to improve diversity on the boards of corporations with concentrated ownership structures, without regard to arguments that emphasize equal rights or a feminist agenda. The methodology part of the study analyses corporate governance in Estonia, followed by a comparative analysis of Nordic countries (Finland, Sweden, Norway) that have successfully increased female representation on boards, providing valuable insights for Estonia’s efforts to enhance gender diversity. The results of the current research are a valuable analytical resource for the Estonian business community, as well as for policymakers.
Keywords
board diversity; case study; corporate governance; Estonia; gender diversity
Subject
Business, Economics and Management, Human Resources and Organizations
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
