The collapse of major corporates due to accounting scandals had drawn the public attention and created doubts on the traditional risk management and corporate governance mechanism. These scandals also destroyed a certain level of trustworthiness of an organization towards its stakeholders. Therefore, this study is aimed to examine the impact of corporate risk disclosure on business performance with board gender diversity as a moderator. The study uses secondary data gathered from year 2016 annual reports. Random sampling is chosen to collect data from 130 public listed companies on Main Board of Bursa Malaysia. Structural equation modelling is applied. The results demonstrate that corporate risk disclosure does influence business performance significantly and positively which is consistent with prior studies. However, the moderating effect is found to be insignificant although the relationship between corporate risk disclosure and business performance is slightly strengthen with the existence of female on board. This study is hoped to fill in the research gap on how gender proportions on corporate board playing a role in moderating the relationship between corporate risk disclosure and business performance.