Does Board Ethnic Diversity Impact Board Monitoring Outcomes?

CHAPTER 12 Board Diversity

The board of directors is the most important decision-making body in a corporation. Boards are responsible for approving major strategic and financial decisions, such as mergers and acquisitions (M&As) and changes in capital structure, and also for the most important task of all, which is to hire and fire top executives. Not surprisingly, substantial research focuses on the workings of corporat...

U.s. Census Monitoring Board

The Impact of Diversity and Independence on Board Effectiveness

Introduction: EuropeanPWN 2004 Survey As a starting point for my remarks, I want to refer to the study that we undertook in conjunction with the European Professional Women’s Network almost 12 months ago. The purpose of this study was to look at two of the more obvious signs of diversity on the Boards of Europe’s largest companies. More specifically, we looked at: • the number of the female Boa...

Board Diversity and Corporate Social Responsibility: Evidence from Iranian Firms

According to agency theory, board of directors plays an important monitoring role in reducing information asymmetry and increasing the transparency of financial statements and social responsibility. This research is concerned with examining board diversity and social responsibility of the firms listed on the Tehran Stock Exchange during the years 2011-2015. To do so, a sample of 98 firms was se...

Golf Buddies and Board Diversity

We study the participation of women in golf, a predominately male social activity, and its influence on their likelihood of serving on a board of directors. Exploiting a novel dataset of all golf games in Singapore, we find that woman golfers enjoy a 54% higher likelihood of serving on a board relative to male golfers. A woman’s probability of serving on the board in a large firm or in a predom...