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December 30, 2014 Norwegian Companies Morph to Avoid Gender-Balance Law One of the consequences of Norway's law mandating that at least 40% of the directors of public limited companies be female is that numerous firms have switched their organizational form, sometimes at significant cost, so that they are no longer public limited companies, say Øyvind Bøhren and Siv Staubo of Norwegian Business School. Among the companies in that category when the law was passed in 2003, 51% chose to become private limited-liability firms by the time it became binding five years later. However, Norway may further extend the board-representation rule to other corporate forms. SOURCE: Does mandatory gender balance work? Changing organizational form to avoid board upheaval

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