Is there a business case for board diversity? An investigation of UK’s FTSE 100 companies

2020 ◽  
pp. 1-14
Author(s):  
Keith Halcro ◽  
Tarek Ben Noamene ◽  
Dorsaf Chaher ◽  
Ayman Talib
Keyword(s):  
Business Case ◽  
Board Diversity

scholarly journals Investigating board diversity in South Africa

2015 ◽  
Vol 8 (2) ◽  
pp. 392-414 ◽  
Author(s):  
Nadia Mans-Kemp ◽  
Suzette Viviers
Keyword(s):  
South African ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Business Case ◽  
Board Diversity ◽  
Johannesburg Stock Exchange ◽  
Earnings Per Share ◽  
Significant Negative Relationship ◽  
The Relationship ◽  
Research Period

The issue of board diversity has been widely debated. Given the lack of conclusive empirical evidence, this study investigated the relationship between gender and race board diversity and the financial performance of South African companies. The sample covered 1 542 annual observations over the period 2002 to 2012. The percentage of female and black directors of companies listed on the Johannesburg Stock Exchange increased significantly over the research period. Board diversity differed considerably across industries. A statistically significant positive relationship existed between the percentage of both female and black directors and earnings per share. In contrast, a statistically significant negative relationship was found between the percentage of both female and black directors and total shareholder return. Given the lack of a clear business case, the question arises as to how board diversity on the JSE can be encouraged. The researchers recommend that more attention should be given to the development and mentoring of diverse board candidates.

scholarly journals Multiple Layers of Gender Diversity on Corporate Boards: To Force or Not to Force?

2014 ◽  
Vol 19 (1) ◽  
pp. 1 ◽  
Author(s):  
Jean Du Plessis ◽  
James O'Sullivan ◽  
Ruth Rentschler
Keyword(s):  
Best Practice ◽  
Critical Mass ◽  
Gender Diversity ◽  
Business Case ◽  
Corporate Boards ◽  
Corporate Board ◽  
Board Diversity ◽  
Historical Perspectives ◽  
Board Gender Diversity ◽  
The Right

This article examines diversity on corporate boards, focussing on gender diversity and taking both contemporary and historical perspectives. Australia forms a particular focus of this article, but, as far as mandatory quota legislation is concerned, other jurisdictions provide comparisons. The authors illustrate how Australian corporate board gender diversity is starting from a low base in contrast to some other types of boards. Arguments for and against more women on boards are analysed in order to provide a comprehensive examination of extant research. The article also examines briefly whether a business case can be made for board gender diversity within the wider framework of board diversity. The authors acknowledge that there are unanswered questions about the right gender balance on boards and whether, without mandatory quota legislation, a voluntary system can achieve best practice targets. They explore the notion of critical mass - the idea that, upon board representation reaching approximately 15 per cent, efforts to further redress the imbalance may lose momentum. Their conclusion is that, in the Australian jurisdiction, progress is being made belatedly towards increasing gender diversity on corporate boards. However, substantial challenges are envisaged if significant progress is not made imminently to increase the number of women serving on corporate boards.

scholarly journals Board Diversity or Gender Diversity? Perspectives from Europe, Australia and South Africa

2013 ◽  
Vol 17 (2) ◽  
pp. 207 ◽  
Author(s):  
Jean Du Plessis ◽  
Ingo Saenger ◽  
Richard Foster
Keyword(s):  
South Africa ◽  
Gender Diversity ◽  
Business Case ◽  
Corporate Law ◽  
Final Conclusion ◽  
Female Representation ◽  
Board Diversity ◽  
The Past ◽  
Governance Systems ◽  
Different Parts

Board diversity has been a hot topic for several years. However, it is only in recent years that pertinent questions have been asked about what is actually meant by board diversity and what would constitute a board with an ideal diversity. In the past the debate on board diversity has always been dominated by the lack, or very low numbers, of females on boards. This has been a fact in most countries with sophisticated corporate law and corporate governance systems in place. The issue of female representation on boards still dominates the board diversity debate, but other forms of diversity, including age, cultural, nationality and race have also become part of the debate. The quest is to find answers to questions like whether a diversified board would be better, and whether diversified boards will ensure a better return for investors; in other words, whether there is a ‘business case’ to be made out to have diversity on a board. Many studies have been done, but the answer is still evasive. This is not totally unexpected as the criteria used for these studies differ and the circumstances and complexities of business are such that a final conclusion will probably never be reached. In this article we focus on the board diversity debate in Europe, Australia and South Africa – three completely different parts of the world. In addition we devote Part V to put the topic of board diversity in a broader context, but paying particular attention to gender diversity.

Is there a “business case” for board diversity?

2009 ◽  
Vol 21 (2) ◽  
pp. 88-103 ◽  
Author(s):  
Yi Wang ◽  
Bob Clift
Keyword(s):  
Business Case ◽  
Board Diversity

Does Diversity in The Boardroom Add Value to a Firm?

2018 ◽  
Vol 18 (5) ◽  
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Firm Size ◽  
Significant Influence ◽  
Negative Influence ◽  
Positive Influence ◽  
Future Research ◽  
Board Composition ◽  
Board Diversity

This study examines whether board diversity affects firm performance. We investigate this study using panel data of a sample of S&P 500 firms during a 12 year period. After controlling for industry, firm size, and other board composition variables, we find that all three board diversity variables of interest – gender, ethnicity, and age have a significant influence on firm performance. While ethnicity and age have a positive influence on firm performance, it was found that gender has a negative influence. Implications for future research are discussed.

Blockchain in Supply Chain: Case Study of Lottemart Ciputat

2019 ◽  
Vol 5 (1) ◽  
pp. 38-49 ◽  
Author(s):  
B. K. Handoyo ◽  
M. R. Mashudi ◽  
H. P. Ipung
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Information Asymmetry ◽  
New Technology ◽  
Business Case ◽  
Analysis Method ◽  
Chain Management ◽  
Production Processes

Current supply chain methods are having difficulties in resolving problems arising from the lack of trust in supply chains. The root reason lies in two challenges brought to the traditional mechanism: self-interests of supply chain members and information asymmetry in production processes. Blockchain is a promising technology to address these problems. The key objective of this paper is to present qualitative analysis for blockchain in supply chain as the decision-making framework to implement this new technology. The analysis method used Val IT business case framework, validated by the expert judgements. The further study needs to be elaborated by either the existing organization that use blockchain or assessment by the organization that will use blockchain to improve their supply chain management.

Corporate Governance, Board Diversity, and Firm Value

CFA Digest ◽  
2003 ◽  
Vol 33 (3) ◽  
pp. 22-23
Author(s):  
Spencer L. Klein
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Board Diversity
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