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Gender and Ethnic Diversity Among UK Corporate Boards

Author

Listed:
  • Stephen Brammer

    (Centre for Business, Organisations and Society, at the University of Bath, UK)

  • Andrew Millington

    (Centre for Business, Organisations and Society, at the University of Bath, UK)

  • Stephen Pavelin

    (University of Reading, UK)

Abstract

This paper investigates the ethnic and gender diversity of the corporate board of UK companies, placing particular emphasis on links to board size and industry characteristics. We employ a novel dataset that covers a large sample of UK PLCs and describes a director's gender, ethnicity and position held. We find both ethnic and gender diversity to be very limited, and that diversity is somewhat less pronounced among executive positions. We find significant cross-sector variation in gender diversity, with an above average prevalence of women in Retail, Utilities, Media and Banking, while such variation in ethnic diversity is considerably less pronounced. Our evidence suggests that a close proximity to final consumers plays a more significant role in shaping board diversity than does the female presence among the industry's workforce. We argue that this shows that board diversity is influenced by a firm's external business environment and particularly an imperative to reflect corresponding diversity among its customers. Copyright (c) 2007 The Authors; Journal compilation (c) 2007 Blackwell Publishing Ltd.

Suggested Citation

  • Stephen Brammer & Andrew Millington & Stephen Pavelin, 2007. "Gender and Ethnic Diversity Among UK Corporate Boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 393-403, March.
  • Handle: RePEc:bla:corgov:v:15:y:2007:i:2:p:393-403
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    References listed on IDEAS

    as
    1. Venkiteswaran N, 1997. "Ethics, Values and Corporate Governance," IIMA Working Papers WP1997-08-01_01459, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Conyon, Martin J., 1997. "Corporate governance and executive compensation," International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 493-509, July.
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    Cited by:

    1. Shamsul Abdullah, 2014. "The causes of gender diversity in Malaysian large firms," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 1137-1159, November.
    2. repec:ipg:wpaper:2014-397 is not listed on IDEAS
    3. repec:eee:spacre:v:18:y:2015:i:1:p:20-31 is not listed on IDEAS
    4. Raluca-Georgiana Moscu, 2013. "The Impact of Gender and Age Diversity on Company Performance," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 215-219, December.
    5. Kevin Campbell & Antonio Minguez Vera, 2010. "Female board appointments and firm valuation: short and long-term effects," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 14(1), pages 37-59, February.
    6. Kyaw, Khine & Olugbode, Mojisola & Petracci, Barbara, 2015. "Does gender diverse board mean less earnings management?," Finance Research Letters, Elsevier, vol. 14(C), pages 135-141.
    7. Aaron D. Hill & Arun D. Upadhyay & Rafik I. Beekun, 2015. "Do female and ethnically diverse executives endure inequity in the CEO position or do they benefit from their minority status? An empirical examination," Strategic Management Journal, Wiley Blackwell, vol. 36(8), pages 1115-1134, August.
    8. Muhammad Ali & Yin Ng & Carol Kulik, 2014. "Board Age and Gender Diversity: A Test of Competing Linear and Curvilinear Predictions," Journal of Business Ethics, Springer, vol. 125(3), pages 497-512, December.
    9. O'Reilly, Charles A., III & Main, Brian G. M., 2012. "Women in the Boardroom: Symbols or Substance?," Research Papers 2098, Stanford University, Graduate School of Business.
    10. Emilia Peni, 2014. "CEO and Chairperson characteristics and firm performance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(1), pages 185-205, February.
    11. Houda Ghaya & Gilles Lambert, 2012. "Caractéristiques de la diversité au sein des conseils d’administration et performance financière : une étude empirique sur les entreprises du CAC40," Working Papers of BETA 2012-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    12. repec:eco:journ1:2017-06-6 is not listed on IDEAS
    13. repec:zbw:espost:173674 is not listed on IDEAS
    14. Amélie Charles & Etienne Redor & Constantin Zopounidis, 2015. "The determinants of the existence of a critical mass of women on boards: A discriminant analysis," Post-Print hal-01188269, HAL.
    15. Collins Ntim, 2015. "Board diversity and organizational valuation: unravelling the effects of ethnicity and gender," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(1), pages 167-195, February.
    16. Farag, Hisham & Mallin, Chris, 2017. "Board diversity and financial fragility: Evidence from European banks," International Review of Financial Analysis, Elsevier, vol. 49(C), pages 98-112.
    17. Kevin Campbell & Antonio Mínguez-Vera, 2008. "Gender Diversity in the Boardroom and Firm Financial Performance," Journal of Business Ethics, Springer, vol. 83(3), pages 435-451, December.
    18. repec:eee:corfin:v:45:y:2017:i:c:p:651-668 is not listed on IDEAS
    19. Andrea Melis, 2011. "Martin Hilb: New corporate governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(3), pages 509-514, August.
    20. Antonio Mínguez Vera & Kevin Campbell, 2007. "The Influence Of Gender On Spanish Boards Of Directors: An Empirical Analysis," Working Papers. Serie EC 2007-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    21. Mijntje Lückerath-Rovers, 2013. "Women on boards and firm performance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 491-509, May.
    22. Magda Bianco & Angela Ciavarella & Rossella Signoretti, 2013. "Women on corporate boards in Italy," Questioni di Economia e Finanza (Occasional Papers) 174, Bank of Italy, Economic Research and International Relations Area.
    23. Amélie Charles & Etienne Redor & Constantin Zopounidis, 2015. "The determinants of the existence of a critical mass of women on boards: A discriminant analysis," Economics Bulletin, AccessEcon, vol. 35(3), pages 1809-1819.
    24. repec:eee:jbrese:v:86:y:2018:i:c:p:130-140 is not listed on IDEAS
    25. Dalilawati Zainal & Norhayah Zulkifli & Zakiah Saleh, 2013. "Corporate Board Diversity in Malaysia: A Longitudinal Analysis of Gender and Nationality Diversity," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 136-148, January.

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