Women make up a third of the board of all Icelandic companies with more than 50 employees. Data from Statistics Iceland shows that women's representation on corporate boards in Iceland has increased dramatically since the turn of the century, and continues to inch upward in recent years.
2010 law stipulates 40% female representation
In 2017 women made up 32.6% of the corporate boards of businesses with more than 50 employees, compared to 32.3% in 2016. This is less than in 2014, when women made up 33.2% of boards of directors of larger businesses. In 2010 a law was passed stipulating that at least 40% of the board of directors of businesses with more than 50 employees had to be women. The law came into full effect in 2013.
Read more: Iceland ranked as best place in world to be a woman
At the turn of the century women made up less than 10% of the boards of larger businesses. In 1999 the share was just 9.5%.
When we look at smaller businesses are included a more mixed picture emerges, as the increase in women's representation has increased much slower on the boards of smaller enterprises. Women made up 26.1% of the boards of directors of all businesses in 2017, compared to 21.9% in 1999.
Women make up 22.1% of all corporate managers, which is the same portion as in 2016. Women made up 23.9% of board chairmen, also unchanged from 2016. In both cases the share has been registering slow but steady improvements since the turn of the century.
Women make up a third of the board of all Icelandic companies with more than 50 employees. Data from Statistics Iceland shows that women's representation on corporate boards in Iceland has increased dramatically since the turn of the century, and continues to inch upward in recent years.
2010 law stipulates 40% female representation
In 2017 women made up 32.6% of the corporate boards of businesses with more than 50 employees, compared to 32.3% in 2016. This is less than in 2014, when women made up 33.2% of boards of directors of larger businesses. In 2010 a law was passed stipulating that at least 40% of the board of directors of businesses with more than 50 employees had to be women. The law came into full effect in 2013.
Read more: Iceland ranked as best place in world to be a woman
At the turn of the century women made up less than 10% of the boards of larger businesses. In 1999 the share was just 9.5%.
When we look at smaller businesses are included a more mixed picture emerges, as the increase in women's representation has increased much slower on the boards of smaller enterprises. Women made up 26.1% of the boards of directors of all businesses in 2017, compared to 21.9% in 1999.
Women make up 22.1% of all corporate managers, which is the same portion as in 2016. Women made up 23.9% of board chairmen, also unchanged from 2016. In both cases the share has been registering slow but steady improvements since the turn of the century.
