Diversity in Board of Directors: Beyond Minimalism

Abstract

Diversity in corporate boards leads towards better decision-making having a mixture diversified of skills, qualifications and experiences; however, moving a step further, gender equity in corporate boards is modern phenomenon which goes beyond minimalism. Gender-diversity in corporate boards is under-researched area in the third world countries. This study explores the benefits and pitfalls of gender diversity in the boardrooms and assesses how the proportion of female directors in the boardrooms impacts their performance. The methodology used to conduct this study is doctrinal, employing exploratory philosophy and inductive approach. The data has been analysed by content analysis. The findings of this study indicate that there is measurable performance gain of having more women in the board of directors. This research is a valuable contribution in the on-going debate on gender diversity; moreover, it provides new horizons and basis for future research

       Keywords: gender diversity, corporate boards, impact of gender diversity, performance of companies