Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

Corporate boards play a critical strategic role in charting the direction and performance of organizations. Such entities ought to embrace diversity since this influences work relations and performance through offering greater perspectives from different lenses on business issues, opportunities as well as wider scope of ideas and solutions. Board gender diversity is ubiquitous as it is the most debated diversity issue in firms. Guidelines and/or mandatory laws have been enacted by several countries including Kenya, to enhance gender diversity on company boards so as to eradicate the existing social and labor grievances that women have been experiencing. Female representation in company boards still remains far from the desired levels despite the enactment of these laws. This study’s main purpose was to recapitulate and critically review literature on board gender diversity. The paper interrogated the importance of board gender diversity, the laws touching on gender diversity issues and empirically reviewed literature on board gender diversity and performance. The study used secondary data. The paper posits that board gender diversity is a driver of organizational performance as well as a way of bolstering inclusivity of both genders on boards thus fulfilling legal expectations. The paper recommends that it is indispensable for Deposit Taking SACCOs to consider gender diversity when electing persons to boards if such entities hope to enrich board decision making, risk management, innovative thinking and competitiveness as well as enhance legal compliance.

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Gender Diversity on the Board of Director and Firm Performance: Agency Theory Perspective

Jurnal Manajemen Bisnis ◽

10.18196/mb.v12i2.10804 ◽

2021 ◽

Vol 12 (2) ◽

Author(s):

Lela Hindasah ◽

Mugi Harsono

Keyword(s):

Corporate Governance ◽

Selection Process ◽

Gender Diversity ◽

Future Research ◽

Company Performance ◽

Female Directors ◽

Board Of Director ◽

Governance Practices ◽

And Performance ◽

Board Gender Diversity

Research aims: This paper provides a literature review on the influence of board of directors' gender diversity on financial and non-financial performance.Design/Methodology/Approach: This research used the content analysis identified from previous studies based on the proxies employed. The article selection process was carried out from reputable international journals published in 2017-2020, resulting in 50 articles discussing board gender diversity and performance.Research findings: This study's results are a conceptual model and future research developments. Research related to female directors and performance has been much carried out. Hence, future research suggests correlating female directors based on monitoring characteristics, human capital board, and demographics. The influence of gender diversity on non-financial performance is also rarely studied.Theoretical contribution/Originality: Identification of gender diversity attributes associated with financial and non-financial performancePractitioner/Policy implication: This study provides valuable information for policymakers or regulators to refine future corporate governance policies and increase understanding of the relationship between corporate governance practices and company performance as measured by financial and non-financial performance.Research limitation/Implication: This study is based on only 50 articles in the last four years.

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Women directors’ effect on firm value and performance: the case of REITs

Corporate Governance ◽

10.1108/cg-02-2020-0057 ◽

2020 ◽

Vol 20 (7) ◽

pp. 1265-1279

Author(s):

Magdy Noguera

Keyword(s):

Firm Value ◽

Critical Mass ◽

Gender Diversity ◽

Chief Executive ◽

Women Directors ◽

Content Type ◽

Board Of Director ◽

Sarbanes Oxley ◽

And Performance ◽

Board Gender Diversity

Purpose The purpose of this paper is to assess the effect of women directors on US Real Estate Investment Trusts (REITs) value and performance. Design/methodology/approach Archival financial and board of director data for the 1999–2019 period are collected and analyzed using panel data regression analysis. Findings The main findings indicate that women directors’ presence renders a modest positive effect on REIT performance but only when they reach critical mass on REIT boards; and that women directors have no effect at all on REIT value. Additional findings indicate that women directors are more common on REIT boards after the enactment of the Sarbanes–Oxley Act but less common on boards in which the REIT founder is the chief executive officer. Originality/value To the best of the author’s knowledge, this is the first research on the effect of a gender diverse board on REIT value. It is also the first paper documenting a positive relationship between board gender diversity and REIT performance. This paper fills a research gap, as it is one of the few papers focused on gender diversity within the REITs board composition literature.

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Contingent Effect of Board Gender Diversity on Performance in Emerging Markets: Evidence from the Egyptian Revolution

Journal of Risk and Financial Management ◽

10.3390/jrfm14110538 ◽

2021 ◽

Vol 14 (11) ◽

pp. 538

Author(s):

Melsa Ararat ◽

Moataz El-Helaly ◽

Alan Lowe ◽

Nermeen Shehata

Keyword(s):

Emerging Markets ◽

Gender Diversity ◽

Corporate Boards ◽

Egyptian Revolution ◽

Regulatory Changes ◽

Before And After ◽

Societal Changes ◽

And Performance ◽

Board Gender Diversity ◽

Social Upheaval

The 2011 Egyptian revolution was associated with significant political and social upheaval, followed by societal changes and attempts by policymakers to reduce the marginalisation of women and promote their inclusion in the economy. Drawing on this background, the authors compare the effect of board gender diversity before and after the revolution. Results indicate that gender diversity in corporate boards is coupled with improvements in firm performance in the immediate post revolution phase. This evidence provides insights into the contextual factors related to diversity and performance relationship and supporting arguments for regulatory changes to further encourage women’s representation on boards.

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The Relationship between Integrated Reporting Disclosures and Firm Performance in Malaysia: The Roles of Family Firms and Board Gender Diversity

Asia Proceedings of Social Sciences ◽

10.31580/apss.v7i2.1823 ◽

2021 ◽

Vol 7 (2) ◽

pp. 175-178

Author(s):

Lok Yee Huei ◽

Phua Lian Kee

Keyword(s):

Firm Performance ◽

Global Economy ◽

Family Firms ◽

Gender Diversity ◽

Annual Reports ◽

Integrated Reporting ◽

Cross Sectional ◽

Holistic View ◽

And Performance ◽

Board Gender Diversity

Since the beginning of year 2020, Covid-19 pandemic crisis attacks the whole world. The outbreak affects all companies from all sizes across all industry sectors. As a result, global economy is significantly impacted by Covid-19. In order to provide a holistic view on the matters related to impacts faced by companies as well as how the companies create value during the pandemic periods, companies will improve the information disclosures to the stakeholders. As integrated reporting improves quality of information on non-financial information, it is able to provide useful information on future prospects of companies as well as the effects of pandemic. Cross sectional analysis and content analysis will be used in the study. This study suggests that when companies apply integrated reporting to produce the annual reports, there will be an improvement of firm performance. This study also proposes that the roles of family firms and board gender diversity can also influence the association between integrated reporting disclosures and performance of company. The findings of study can give an overall picture to the management on how the integrated reporting disclosures influence firm performance. Results of study can also be employed by regulatory bodies to design policies to promote the adoption of integrated reporting.

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Gender Diversity in Corporate Boards: A Comparative Study of Pakistan and Norway

Journal of Law & Social Studies ◽

10.52279/jlss.03.01.2837 ◽

2021 ◽

Vol 3 (1) ◽

pp. 28-37

Author(s):

Tayyaba Noor Asghar

Keyword(s):

Corporate Governance ◽

Gender Diversity ◽

Corporate Boards ◽

Legal Research ◽

Secondary Sources ◽

The Board Of Directors ◽

And Performance ◽

Board Gender Diversity ◽

The Impact ◽

Mixed Nature

With the increased attention given to corporate governance, there has been more focus on the lack of gender diversity in corporate boards. Within the context of corporate governance, this research focuses on the gender diversity in the boardrooms and to evaluate how the percentage of female directors on a company’s board affects the firm’s performance. For this purpose, Gender diversity in both Norway and in the Pakistan are studied, but this study more focuses on the Pakistan’s board gender diversity, legislations, implementation and its impact on company’s performance, this study also focuses on Norwegian experience and the impact of the Norwegian gender diversity rule. This study is conducted by a qualitative research and a socio-legal research methodology due to library based and its mixed nature of being legal and corporate respectively. This study is also based on primary as well as secondary sources. The results of this study show that there is observable performance benefit to adding more females to the board of directors. Companies found a significant and positive relationship between the percentage of women on the board and performance. These results suggest that if Pakistan decides to adopt strong legislation for corporations in relation to gender diversity and implement them; it will observe significant improvement in firm performance.

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Beyond Financial Reporting. Integrated Reporting and its determinants: Evidence from the context of European state-owned enterprises

FINANCIAL REPORTING ◽

10.3280/fr2019-002003 ◽

2019 ◽

pp. 43-72

Author(s):

Giuseppe Nicolò ◽

Gianluca Zanellato ◽

Francesca Manes-Rossi ◽

Adriana Tiron-Tudor

Keyword(s):

Financial Reporting ◽

Empirical Investigation ◽

Gender Diversity ◽

Accounting Standards ◽

International Accounting Standards ◽

Integrated Reporting ◽

Financial Reports ◽

The Public ◽

Explanatory Factors ◽

Board Gender Diversity

Integrated reporting (IR), which aims to overcome the limitations of both tradi-tional financial and stand-alone non-financial reports, has gained momentum as a single comprehensive tool merging financial and non-financial information. Initially conceived for private sector entities, IR is also establishing itself in the public sector context as a vehicle for transparency and accountability. This research offers an empirical investigation of IR practices in the State-Owned Enterprises (SOEs) context. More specifically, the paper investigates the levels of disclosure provided through IR by a sample of 34 European SOEs and explores the effects of potential explanatory factors. The results indicate a fair level of IR disclosure and a trend of reporting information already requested under international accounting standards. The findings also highlight that industry (basic materials and financials) and size positively influence the level of IR disclosure in a particularly strong way, while governance features (board size and board gender diversity) and the provision of external assurance do not exert any impact.

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