Mandating Diversity on the Board of Directors: Do Investors Feel That Gender Quotas Result in Tokenism or Added Value for Firms?

Jessica M. Rixom, Mark Jackson, Brett A. Rixom

Journal of Business Ethics · 2023 · Volume 182 · Issue 3

Abstract

There is real debate between those who think we should be more diverse because it is the right thing to do and those who think we should be more diverse because it actually enhances shareholder value. Unless we get the second point across, and people believe it, we’re only going to have tokenism.—Karen J. Curtin, executive vice president of Bank of America

Keywords

Board diversity, Board gender quotas, Boards of directors, Critical mass, Female directors, Tokenism

Enable JavaScript for citation tools and additional paper interactions.