Belgium and Italy have quotas for listed companies to achieve 33% women on boards; this could be one factor driving the increase. Sweden, on the other hand, has a voluntary rule in their Corporate Governance Code “an equal distribution among the sexes shall be the goal”. Women occupied an average of 20.6% of seats in lower or single houses of parliament in 2002, 27.5% in 2013, and 28.7% in 2016. While women’s representation in lower or single houses of legislature has grown in some OECD countries -such as the United Kingdom, Mexico, Portugal and Spain - it has undergone setbacks in countries like Finland, Greece and Denmark (IPU, 2016).