scholarly journals Gender Diversity on Corporate Boards – A Study of NSE Listed Companies

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Sonia Sharma
Keyword(s):  
Literature Review ◽  
Board Of Directors ◽  
Present Status ◽  
Gender Diversity ◽  
Board Members ◽  
Corporate Boards ◽  
Women Directors ◽  
Representation Of Women ◽  
Financial Benefits ◽  
The Relationship

The aim of this study is to examine gender diversity on boards of a sample of NIFTY 50 companies listed on NSE during the year 2012-13. It showed the present status of representation of women on board of directors. A literature review on how women directors bring economic and financial benefits to any organization was also undertaken in order to present the strong case for gender diversity. The relationship between gender diversity on boards and various characteristics of companies such as the size, profits, sales and age was also found. This study found that on an average 56% of the companies had at least one woman on their board but 32% companies have only male boards. Total no of directors on nifty index are 592 out of which 41 positions are held by women directors. It is recommended that companies should review their policies with respect to appointments of board of directors. Even women should also be encouraged to aspire to become board members.

Perceived roles of women directors on supervisory boards: Insights from a qualitative study

2018 ◽  
Vol 33 (1) ◽  
pp. 5-31 ◽  
Author(s):  
Jasmin Joecks ◽  
Kerstin Pull ◽  
Katrin Scharfenkamp
Keyword(s):  
Critical Incident ◽  
Critical Incident Technique ◽  
Board Members ◽  
Corporate Boards ◽  
Women Directors ◽  
The Public ◽  
Representation Of Women ◽  
Potential Problems ◽  
Supervisory Boards ◽  
Women On Corporate Boards

The (under-)representation of women on corporate boards is much debated among the public as well as in academia. In our exploratory article, we contribute to the literature by investigating women directors’ perceived roles by interviewing female as well as male board members and by employing the critical incident technique to address potential problems of social acceptancy. In the perception of board members, women directors fulfil three roles: they widen the boards’ perspectives and thus act as (unique) experts, they objectify discussions and they act as mediators.

scholarly journals Gender Diversity as the Antidote to ‘Groupthink’ on Corporate Boards

2018 ◽  
Vol 22 (1) ◽  
pp. 85
Author(s):  
Akshaya Kamalnath
Keyword(s):  
Gender Diversity ◽  
Board Members ◽  
Corporate Boards ◽  
Women Directors ◽  
Professional Background ◽  
Decision Making Processes ◽  
Board Gender Diversity ◽  
Board Decision Making ◽  
Significant Question

Gender diversity on corporate boards has become a point of emphasis, to the exclusion of all other forms of diversity. This paper analyses whether board gender diversity might help boards overcome groupthink (i.e. the failure of board members to consider alternatives to the dominant view when making decisions). This is a significant question because the board is reponsible for governance of the company and groupthink is often cited as a hurdle to effectively performing this role. Thus, the paper first examines the role of the board, board decision-making processes and the problem of groupthink, and subsequently, the potential of gender diversity to overcome groupthink. It concludes that gender diversity on corporate boards might help overcome groupthink so long as the women directors are also independent and bear ‘outsider’ status. However, other forms of diversity like race, education, tenure, professional background etcetera might offer the same benefits and thus should not be overlooked.

Women on board: the disregarded issue of board interlocks

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Christina Öberg
Keyword(s):  
Literature Review ◽  
Board Member ◽  
Gender Diversity ◽  
Board Members ◽  
Corporate Boards ◽  
Content Type ◽  
Board Interlocks ◽  
Women On Boards ◽  
Board Representation ◽  
The Individual

Purpose Gender diversity is extensively debated and researched in relation to corporate boards. The focus on the gender composition on single boards neglects an important issue: that of how the power of board members is impacted by their representation on other boards. Board interlocks refer to how a board member is also represented on other companies’ boards, and such representation expectedly makes the individual board member more influential in the boardroom than non-connected board members. The purpose of this paper is to investigate whether and how female board interlocks are considered in previous research on gender diversity on boards. Design/methodology/approach A systematic literature review was conducted. It comprised 71 highly cited articles. The articles were analyzed to grasp their content, and specifically, female influence in the boardroom related to power. Findings The literature review reveals that the interlock perspective is rare in studies on women’s board representation. This is so, even while evidence is provided that females often need companions to get their meanings across on the boards, despite how interlocks would create one link of such power, and although the literature points to how female board representation plays a part to explain performance, social responsibilities and overall strategic directions of firms. Originality/value Contributions are made to previous research by indicating the potential of further research in a largely neglected area of research while also summarizing the previous reporting on women on boards.

scholarly journals Impact of board size and board diversity on firm value: Australian evidence

2007 ◽  
Vol 4 (2) ◽  
pp. 24-32 ◽  
Author(s):  
Hoa Nguyen ◽  
Robert Faff
Keyword(s):  
Board Of Directors ◽  
Firm Value ◽  
Preliminary Analysis ◽  
Gender Diversity ◽  
Market Value ◽  
Women Directors ◽  
Board Size ◽  
Board Diversity ◽  
And Gender ◽  
The Relationship

The aim of this paper is to provide a preliminary analysis of the relationship between firm market value and the size and gender diversity of a board of directors for a sample of publicly listed Australian firms. Our results show that smaller boards appear to be more effective in representing the shareholders as smaller boards are associated with higher firm value. As board size increases firm value declines, however at a decreasing rate suggesting that the relationship between board size and firm value is not strictly linear. Our findings further indicate that gender diversity promotes shareholders’ value as the presence of women directors is associated with higher firm value

scholarly journals Presence of Women on Board: Reference to BSE-30 Companies from 2010-2014

2017 ◽  
Vol 1 (1) ◽  
pp. 24-30
Author(s):  
Nisa S
Keyword(s):  
Boards Of Directors ◽  
Gender Diversity ◽  
Corporate Boards ◽  
Women Directors ◽  
Global Workforce ◽  
Talent Pool ◽  
Women Employees ◽  
Board Performance ◽  
Changing Demographics

The need for gender diversity in the board rooms is getting accepted at corporate levels both national and international. Any change which is brought about voluntarily is more effective and long lasting. Gender representation on corporate boards of directors refers to the proportion of men and women who occupy board member positions. Studies have shown that even though there is no real dearth of talent pool, India, comparatively, has significantly a very low percentage of women representation on boards. No one doubts the importance of diversity in boardrooms, especially in improving corporate governance. With the changing demographics of the global workforce and the fact that women will control 75% of discretionary spending by 2028, globally companies cannot underestimate the importance of improving the gender balance on their boards. Women are increasingly becoming a major driver of the economy, both as contributors and as customers; it is appropriate that they be a part of the team leading companies. Past researches have shown that boards with more women members act as a motivator to other women employees within the organization. Continuing reliance on existing directors is likely to dilute the quality of board members. Broadening the talent pool by including women directors will help boards get skilled and competent members with a diversity of perspectives and leadership styles who can significantly contribute to board performance. The following study was conducted to assess the presence of women on board in BSE 30 listed companies from 2010 to 2014.

scholarly journals Implementing the board of directors’ mechanism – An empirical study of the listed firms in Libya

2018 ◽  
Vol 14 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Jill Atkins ◽  
Mohamed Zakari ◽  
Ismail Elshahoubi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Boards Of Directors ◽  
Listed Companies ◽  
Board Members ◽  
Corporate Boards ◽  
Listed Firms ◽  
Stakeholder Groups ◽  
The Board Of Directors ◽  
Executive Managers

This paper aims to investigate the extent to which board of directors’ mechanism is implemented in Libyan listed companies. This includes a consideration of composition, duties and responsibilities of the board directors. This study employed a questionnaire survey to collect required data from four key stakeholder groups: Boards of Directors (BD), Executive Managers (EM), Regulators and External Auditors (RE) and Other Stakeholders (OS). The results of this study provided evidence that Libyan listed companies generally comply with the Libyan Corporate Governance Code (LCGC) requirements regarding the board composition: the findings assert that most boards have between three and eleven members, the majority of whom are non-executives and at least two or one-third of whom (whichever is greater) are independent. Moreover, the results indicate that general assemblies in Libyan listed companies are practically committed to the LCGC’s requirements regarding the appointment of board members and their length of tenure. The findings provide evidence that boards in Libyan listed companies are carrying out their duties and responsibilities in accordance with internal regulations and laws, as well as the stipulations of the LCGC (2007). Furthermore, the stakeholder groups were broadly satisfied that board members are devoting sufficient time and effort to discharge these duties and responsibilities properly. This study helps to enrich our understanding and knowledge of the current practice of corporate boards as a significant mechanism of corporate governance (CG) by being the first to address the board of directors’ mechanism in Libyan listed companies.

scholarly journals Lige for lige? Kønssegregering i Folketingudvalg og i ledelsen af det private erhvervsliv

Politik ◽  
2016 ◽  
Vol 19 (1) ◽  
Author(s):  
Christina Fiig ◽  
Mette Verner
Keyword(s):  
Gender Segregation ◽  
Foreign Affairs ◽  
Board Members ◽  
Corporate Boards ◽  
Public Attention ◽  
Publicly Traded ◽  
The Public ◽  
Representation Of Women ◽  
Explorative Study ◽  
Parliamentary Politics

In this article, we describe and discuss the vertical and horizontal gender segregation in the elites of Danish Parliamentary politics and private business. Our new data on the gender distribution on corporate boards of publicly traded firms show how women are absent among board chairs and CEOs and illustrates the low representation of women among board members.  Among members of Parliamentary committees a more equal gender representation is found, however, there is a clear tendency toward a vertical and a horizontal segregation. Our findings show that women MPs are less represented in certain Parliamentary committees on foreign affairs, economy, finance, tax and transportation. This distribution mirrors other country studies on Parliamentary committees. We propose two hypotheses in order to explain our explorative study: a thesis on a gender bias of certain policy areas and a hypothesis on the significance of the ‘public eye’. Concerning the latter, our results illustrate how institutions subject to ‘the public eye’ have more balanced gender compositions than institutions with less public attention, like corporate boards.

Do women on corporate boardrooms influence remuneration patterns and socially responsible practices? Malaysian evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sitara Karim
Keyword(s):  
Generalized Method Of Moments ◽  
Gender Diversity ◽  
Executive Directors ◽  
Women Directors ◽  
Socially Responsible ◽  
Content Type ◽  
Upper Echelons Theory ◽  
Board Gender Diversity ◽  
The Relationship ◽  
Practical Implications

PurposeThe prime objective of this study is to investigate the moderating influence of executive and independent female directors on the relationship between remuneration packages (CEO and executive director) and socially responsible practices (marketplace, environment, community, workplace and money spent on CSR) of 483 Malaysian listed firms during 2006–2017.Design/methodology/approachThe dynamic estimator, namely, system generalized method of moments (GMM) given by Blundell and Bond (1998) has been employed on the dataset to control dynamic endogeneity, unobserved heterogeneity and simultaneity problems.FindingsFindings indicate that there is a significant relationship between remuneration patterns of CEOs and executive directors and socially responsible activities. In the same way, executive board gender diversity significantly, whereas independent board gender diversity insignificantly moderates the remuneration and CSR nexus.Practical implicationsThis study is particularly significant for regulatory bodies of Malaysia, e.g. Securities Commission Malaysia, Bursa Malaysia, policy makers, investors and managers. For academia, this study fetches support from agency theory, stakeholder theory and upper echelons theory and presents integrated theoretical approach to be considered for future research.Originality/valueThis paper is unique in providing empirical evidence on the moderating effect of both executive and independent women directors on the relationship between remuneration patterns of CEOs and executive directors and independent CSR activities for the first time. Moreover, this study has sourced several theoretical and practical implications. And, the study employs dynamic estimator for precise and concrete results.

Gender Diversity in the Senior Management of Large Technology Companies

2022 ◽  
pp. 1945-1962
Author(s):  
Yakira Fernández-Torres ◽  
Ricardo Javier Palomo-Zurdo ◽  
Milagros Gutiérrez-Fernández
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Business Performance ◽  
Industrial Revolution ◽  
Gender Diversity ◽  
Female Representation ◽  
Distinctive Features ◽  
Representation Of Women ◽  
The Relationship

As a key part of the fourth industrial revolution, technology companies have become the most valuable companies in the world in terms of market capitalization. Surprisingly, however, these companies have been overlooked by studies of gender diversity in corporate governance even though their highly distinctive features may cause major differences in gender diversity with respect to companies in other sectors. The goal of this chapter is therefore to provide the first characterization of gender diversity in the corporate governance of large technology companies—specifically those with the highest market value—and explore the relationship between gender diversity and business performance. To achieve this goal, descriptive statistical analysis is used. Data correspond to the period 2005 to 2017. The findings confirm the under-representation of women on the boards of directors of 162 publicly listed companies. The findings also show that the most profitable companies are those that have the greatest female representation on their boards of directors.

scholarly journals Estimating the nonlinear effects of female directors on financial performance

2016 ◽  
Vol 31 (2) ◽  
pp. 97-113 ◽  
Author(s):  
Chen Ming ◽  
Lim Hock Eam
Keyword(s):  
Financial Performance ◽  
Linear Relationship ◽  
Initial Public Offerings ◽  
Gender Diversity ◽  
Nonlinear Effects ◽  
Board Members ◽  
Women Directors ◽  
Content Type ◽  
Return On Equity ◽  
Non Linear

Purpose The purpose of this paper is to identify the non-linear effects of the presence of women directors on the board on the financial performances of Malaysian companies which undertakes initial public offerings (IPOs). This paper also analyzes the impacts of non-executive directors and independent directors on their company performances. Design/methodology/approach This paper traces the effects of gender diversity on the board on the financial performance of a sample of 123 Malaysian companies from the list of 230 companies which have made IPOs and are listed during the period 2005-2012. The multiple regressions (with linear and non-linear specification) are used to estimate the effects of women directors on companies’ performance. Findings The results show that presence of women directors on the board do not purport to have any significant linear or non-linear impact on the financial performance of the companies under reference, except for the companies in the top 80th percentile of return on equity. Similarly, strong evidence is also found when the number of women as board members is more than 15 per cent. Research limitations/implications The findings of this paper suggest that presence of women directors provides a beneficial impact on the return on equity of companies in Malaysia. Therefore, it is suggested that there should be greater participation of women as board members in the country. Originality/value Prior studies tried to estimate linear relationship between the presence of woman directors on company performance. Present study assessed it from three different angles: the sample consists of companies in Malaysia issuing IPOs; possible non-linear relationship is also assessed; and apart from multiple regression, quantile regression technique was also used.

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