Norway requires at least 7% of the membership of boards of directors of large corporations to be female, and the country is considering raising the quota to 40%. Norway has implemented this policy because

Question

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Norway believes that increasing gender equality is a competitive advantage. The policy was implemented to address the lack of gender diversity on company boards and to promote gender equality. The government believes that having more women on boards can lead to improved decision-making and better business outcomes. The policy was not forced by external entities and does not necessarily indicate Norway is a socialist country.

Norway Requires at Least 7% of the Membership of Boards