I have always admired one of my largest clients, a multibillion € technology company, for how they promote women in executive leadership by making sure there is a number of them ‘growing’ in the middle management level. This is so much better than hiring one or two from outside to the executive board.
But what is the situation overall in Finland? The outlook is strong, as Finland has long been a leader in gender equality, and its labor market reflects this progress. With strong societal commitment and corporate initiatives, the country continues to make significant strides in closing the gender gap at executive and board levels, setting an example for others. While challenges remain, progress and direction are encouraging.
This success stems from Finland’s voluntary corporate governance recommendations, comprehensive parental leave policies, and strong female representation in education, particularly in business and technology. By promoting work-life balance and equal career opportunities, Finland has built a corporate culture where more women can reach top leadership roles.
As a global technology hub, Finland has also made progress in increasing female representation in its thriving ICT sector. While tech remains a traditionally male-dominated industry, initiatives such as Women in Tech Finland and targeted university programs are driving change, ensuring more women enter and advance in STEM careers. Companies recognize that diverse leadership enhances innovation and competitiveness, and many have set internal targets to increase gender balance in executive teams and boards.
Finland’s Leadership in Gender Equality: A Model for Sustainable Progress
Compared to other countries, Finland stands out as a frontrunner in gender equality at the highest corporate levels. The EU’s recent directive aims for 40% female representation on listed company boards by 2026—a goal Finland is well on track to achieving. In contrast, many European countries, such as Germany and France, have relied on legal quotas to enforce gender balance, whereas Finland’s progress has been achieved primarily through voluntary measures and cultural shifts.
Beyond Europe, Finland surpasses countries like the U.S., where women hold around 30% of S&P 500 board seats. Among Nordic peers, Finland’s steady, organic progress highlights the effectiveness of long-term equality efforts.
Despite these achievements, challenges remain, particularly in CEO and chairperson roles, where men still dominate. However, with growing awareness, corporate initiatives, and strong societal support, Finland is well-positioned to further close the gap. By fostering an inclusive business culture and ensuring equal opportunities in leadership, Finland continues to serve as a global example of workplace equality.
