How Experience and Network Ties Affect the Influence of Demographic Minorities on Corporate Boards

Westphal, James D.; Milton, Laurie P.

doi:10.2307/2667075

Cited by 617 publications

(491 citation statements)

References 111 publications

Supporting

Mentioning

468

Contrasting

Unclassified

Order By: Relevance

“…Burke (2000) argues that board selectors held the assumption that women lack adequate human capital for board positions. This argument is empirically supported by Westphal and Milton (2000) and Singh et al (2008), who reported that women directors are less likely to have top manager or focal director experience than men directors. In the same vein, 15 Catalyst (1993) showed that CEOs were reluctant to appoint women as directors of BDs because they believe that females are unqualified.…”

supporting

confidence: 59%

The gender gap in pay in company boards

Pucheta‐Martínez

Bel‐Oms

2014

Industrial and Corporate Change

View full text Add to dashboard Cite

The aim of this study is to analyze whether a gender wage gap exists in the boards of directors (BD) of companies listed on the Madrid Stock Exchange from 2004 to 2011. 5We hypothesize that the percentage of female directors on a BD, the presence of female directors on the Nomination and Compensation Committee, the presence of wellqualified independent women directors on BD, the sector, and the geographical region, have an effect on the gender wage gap. The results show that the percentage of female directors on a BD and the geographical region have no effect on the gender 10 wage gap. On the other hand, the finding reports that women's presence on the Nomination and Compensation Committee increases the gender gap in pay, and it is reduced when there are independent female directors who have gained a degree on the BD, and when the company operates in the finance and real estate services sector. In addition, the results also demonstrate that the seniority of the female directors de-15 creases the gender gap in pay, while there is a rise when the companies are bigger and the size of the BD and the return on assets increase. These conclusions should encourage regulatory bodies to adopt forceful rules to mitigate the gender gap in pay.JEL classification: M12, M0.

show abstract

supporting

confidence: 59%

The gender gap in pay in company boards

Pucheta‐Martínez

Bel‐Oms

2014

Industrial and Corporate Change

View full text Add to dashboard Cite

show abstract

“…A survey conducted in America by Ernst & Young found that many firms in Europe and America complain that they struggle to find experts to be board members. Thus, many boards in the US have appointed directors with experience from other firms and industries (Westphal & Milton 2000).…”

Section: Non-executive Director Rolesmentioning

confidence: 99%

Board Mechanisms and Malaysian Family Companies’ Performance

Amran¹,

Ahmad²

2011

AJAG

View full text Add to dashboard Cite

“…Ajoutons à ceci qu'en étant indépendants, les administrateurs accomplissent efficacement leurs fonctions (le code de 'best practices', 1999) et prennent les bonnes décisions dans certaines situations telles que le remplacement d'un dirigeant non performant (Weisbach, 1988), le recrutement externe du dirigeant dans le cas où la performance de la firme diminuerait considérablement (Huson, Parrino et Starks, 2001), les acquisitions et la résistance aux offres d'achat (Byrd et Hickman, 1992). Par ailleurs, les administrateurs externes en siégeant dans des conseils d'administration d'autres entreprises 1 , ils acquièrent des compétences et de l'expé-rience (Kosnik, 1987) ce qui leur permet de contribuer efficacement à la prise de décisions (Westphal et Milton, 2000) et d'assurer un niveau élevé de transparence (Gul et Leung, 2004). De plus, la gouvernance s'améliore si l'élection des administrateurs est annuelle (Jensen, 1993;Webb, 2004), si ces derniers occupent des postes de dirigeants dans d'autres entreprises (Shivdasani, 1993) et si la présence de femmes administrateurs se fait plus fréquente (Carter, Simkins et Simpson, 2003) ou si encore les administrateurs âgés de moins de 69 ans sont plus nombreux (Core, Holthausen et Larcker, 1999).…”

Section: La Bonne Gouvernance : Un Nouveau Conceptunclassified

Les questions de gouvernance dans les entreprises socialement responsables

Khanchel

2013

View full text Add to dashboard Cite

Cet article se propose d’étudier si les caractéristiques de gouvernance des entreprises socialement responsables diffèrent de celles des autres entreprises. A partir d’un échantillon d’entreprises socialement responsables (classées dans Business Ethics magasine) et d’un échantillon témoin pour la période 2006-2009, nous avons cherché à savoir si la responsabilité sociale était un levier déterminant qui contribuerait à l’amélioration de la qualité de gouvernance. Sur les échantillons concernés, la démonstration n’a pu être faite d’un lien entre la responsabilité sociale et la gouvernance.This study examines whether socially responsible firms behave differently from other firms in their corporate governance. Specifically, we question whether firms that exhibit corporate social responsibility (CSR) also behave in a responsible manner to enhance corporate governance practices. Using Business Ethics lists for 2006 to 2009, we have constructed a sample with 350 U.S. companies receiving an ethics rating and 350 other firms (considered as matching firms and not considered as socially responsible firms in any CSR ratings). Our results show no differences in corporate governance characteristics between the two samples of firms.El objetivo de este trabajo es establecer si las características de gobernanza de las empresas socialmente responsables difieren de las de otras empresas. Basados en una muestra de empresas socialmente responsables (clasificación Business Ethics) y en una muestra testigo por el período 2006-2009, hemos intentado establecer si la responsabilidad social es un factor deter- minante que contribuye al mejoramiento de la calidad de la gobernanza. Sobre la base de dichas muestras, no se pudo demostrar que existe un nexo entre responsabilidad social y gobernanza

show abstract

How Experience and Network Ties Affect the Influence of Demographic Minorities on Corporate Boards

Cited by 617 publications

References 111 publications

The gender gap in pay in company boards

The gender gap in pay in company boards

Board Mechanisms and Malaysian Family Companies’ Performance

Les questions de gouvernance dans les entreprises socialement responsables

Contact Info

Product

Resources

About