Women Directors and Corporate Social Responsibility

2011

The successes and failures of organizations are contingent on the decisions of senior management and its board of directors. Personality and experiences may have a tangible effect on the decision making process. This study assesses whether or not gender has a tangible effect on an organization’s decisions. A sample of Fortune 500 companies were examined to determine whether companies with a higher proportion of women on their boards of directors are more socially responsible. In general, a diversity of people generates a diverse set of opinions that impacts and improves the decision-making process. Our expectation was that gender diversity will increase socially responsible behavior by a co…