Introducing Board Gender Diversity to Sri Lanka

This book examines the feasibility of implementing board gender diversity rules in Sri Lanka through a socio-legal lens. It demonstrates that such rules could promote gender equality in society and improve corporate governance practices. However, the country has not yet introduced such rules, despite pressure from international financial institutions. The book offers suggestions for how these rules could be introduced in Sri Lanka.

Format: Hardback
Length: 299 pages
Publication date: 03 March 2023
Publisher: Springer Verlag, Singapore

This book delves into the feasibility of implementing board gender diversity rules in Sri Lanka through a socio-legal lens. It showcases that board gender diversity rules can serve as a powerful tool for advancing corporate governance development and fostering gender equality in society. The International Financial Institutions (IFIs) have recognized the importance of good corporate governance practices in driving economic growth. As a result, they have included corporate governance reform as a prerequisite for funding to developing countries. Among these reforms, board gender diversity is acknowledged as a legal concept that holds the potential to enhance corporate governance practices and promote gender equality. The benefits of implementing board gender diversity rules, often referred to as the economic benefits, stem from the valuable contributions that women directors can make to improving board effectiveness. Furthermore, the equality benefits underlying this strategy highlight how board gender diversity rules can contribute to promoting gender equality in society.

Sri Lanka serves as an illustrative example of a developing country that has been compelled by the IFIs to enhance its corporate governance practices in order to promote economic growth. However, the Sri Lankan legislators have not yet introduced board gender diversity rules as a means to improve corporate governance practices within the country. This book aims to address some of the strategies for introducing board gender diversity rules in Sri Lanka.

In conclusion, this book provides valuable insights into the feasibility of implementing board gender diversity rules in Sri Lanka. It highlights the potential benefits of such rules in promoting corporate governance development and gender equality. By examining the socio-legal context and exploring potential strategies for introduction, this book contributes to the ongoing discussion on enhancing corporate governance practices in developing countries.

Weight: 544g
Dimension: 210 x 148 (mm)
ISBN-13: 9789819904358
Edition number: 1st ed. 2023