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Exploring Board Composition: Independence and Diversity of Swedish Listed Companies Representing OMXS30
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Purpose – The purpose of this thesis is to investigate whether there have been any changes in board composition of Swedish listed companies in terms of independence, gender, age, tenure and educational background. Furthermore, this thesis examines if the extent of diversity in terms of gender, age, tenure, and educational background on boards has increased. The time frame in this study is between 2004 and 2011.

Method – A quantitative method is used in order to fulfill the purpose of the thesis. Data from the 2004 to 2011 annual reports or corporate governance reports of 26 companies representing the index OMX Stockholm 30 are examined.

Findings – The findings show that the percentage of independent directors has increased, but there is still an unequal gender distribution on boards of directors. During the time period, average age and tenure of directors have remained quite stable while boards have become more diverse in terms of educational background. The findings suggest that boards of Swedish listed companies have become more diverse, but companies have to continue to work on this issue in order to reach a higher level of diversity in boardrooms.

Research limitations – The research is restricted to Swedish listed companies representing the index OMXS30. Quantitative data is collected and the study is limited to companies listed on a regulated market in Sweden from year 2004 to 2011.

Practical implications – This study contributes to the debate of board composition and board diversity by indicating that even though Sweden is advanced in the work for diversity and pass for being an egalitarian society, there is still a long way to go in the work for diversity in the boardrooms. By emphasizing this acknowledgement, Swedish companies may reflect this issue even more and enhance diversity in their board composition. 

Place, publisher, year, edition, pages
2013.
Keyword [en]
Board composition, board of directors, Agency theory, Swedish Corporate Governance Code
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-21301OAI: oai:DiVA.org:hj-21301DiVA: diva2:624303
Supervisors
Examiners
Available from: 2013-06-24 Created: 2013-05-30 Last updated: 2013-06-24Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf