Restoring Trust Through Improved Corporate Governance and Adherence to Gender Quotas

Audur Arna Arnardottir, Olaf Sigurjonsson

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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 languageEnglish
Title of host publicationThe Return of Trust? : Institutions and the Public after the Icelandic Financial Crisis
EditorsThrostur Olaf Sigurjonsson, David L. Schwarzkopf, Murray Bryant
Number of pages18
Place of PublicationBingley
PublisherEmerald Group Publishing
Publication date2018
Pages227-244
Chapter12
ISBN (Print)9781787433489
ISBN (Electronic)9781787433472
DOIs
Publication statusPublished - 2018

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