“…Although several attempts have been made to establish the relationship between the individual aspects of board diversity on the performance of the firm (Ujunwu, Okoyeuzu and Nwakoby, 2012;Laible, 2013;Adams, Gray and Nowland, 2011;Marimuthu and Kolandaisamy, 2009), there appears to be no consensus on whether one aspect of board diversity impacts more on the performance of the firm than another. However, literature is unanimous that board diversity in general does affect the performance of the firm and results in diverse opinions that impacts on the quality of corporate decisions (Bernardi and Threadgill, 2010;Adams and Ferreira, 2008;Dobbin and Jung, 2011;Salehnezhad and Abbasi, 2013).…”