The Swedish Corporate Governance Board believes that the gender balance among society's decision-makers needs to be improved, including in the corporate sector. However, the Board also believes that the introduction of quota rules for the boards of listed companies is the wrong way to go.

Even though conditions currently exist for Sweden to wait with the introduction of legislation on the issue, the Board urges the shareholders, nomination committees and employee organisations of Swedish listed companies to maintain focus on the long-term goal of a 40 per cent share of board positions for the less represented gender.

 Read the letter here.