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How does gender-balance affect the working of boards of directors? I examine boards that have been required for two decades to be relatively gender-balanced: boards of business companies in which the Israeli government holds a substantial equity interest. I construct a novel database based on the detailed minutes of 402 board-and board-committee meetings of eleven such companies. I find that boards that had critical masses of at least three directors of each gender in attendance, anddoi:10.2139/ssrn.2257867 fatcat:fmx6bxiaovhbjh2dweufokgh5u