Diversity in Corporate Governance and Its Impact on Intellectual Capital Performance in an Emerging Economy

This study addresses various deficiencies in the corporate governance and intellectual capital literature by examining the association between the level of gender and ethnic diversity on the boards of directors of South African publicly listed firms and their degree of intellectual capital performance. A total of eighty-four South African publicly listed firms were included in this study. Empirical results indicated a positive association between the percentage of female and non-white directors on the boards of directors of South African publicly listed status and a firm’s intellectual capital performance. Based on the results of this study, it is concluded South African publicly listed firms may be able to enhance their intellectual capital performance by utilizing a well balanced and structured board of directors in terms of gender and ethnic representation. Finally, for a conceptual perspective, the results of this study support the application of resourcedependence theory as a relevant theoretical framework to examine and explain factors influencing intellectual capital performance.