Adopting EU Gender Diversity Standards in Boardrooms in the Transiting Economies in Case of Banking Sector in Bosnia and Herzegovina
Abstract
The representation of women in corporate boardrooms remains a significant challenge in Bosnia and Herzegovina (BiH). This paper examines the gaps between current gender diversity practices in BiH and the European Union's (EU) regulatory framework, which mandates increased female representation on corporate boards. Drawing on comparative analyses and case studies, the research identifies structural, cultural, and regulatory barriers that hinder the integration of EU gender diversity standards in transitioning economies like BiH. Opportunities for transformation are explored, including the potential for enhanced corporate governance, improved financial performance, and alignment with EU accession goals. The paper highlights the status of the gender diversity gap, status of gender diversity in most regulated sector and regulatory gaps. Furthermore, it provides actionable recommendations for regulators, policymakers, and banking sector leaders to foster a more inclusive and equitable boardroom culture. By addressing these disparities, BiH's banking sector can position itself as a model for integrating diversity and driving sustainable growth in the region. This study contributes to the discourse on gender equality and governance by showcasing the challenges and opportunities of adopting EU policies in transitioning economies, with a focus on the listed banking sector in Bosnia and Herzegovina.
Keywords: Transition Economies, Board Diversity, Gender Diversity, EU Policies, Banking Sector, Bosnia and Herzegovina