REIMAGINING THE CEO-ONLY BOARD: HOW FEMALE BOARD MEMBERS CONTRIBUTE TO CORPORATE RESPONSIBILITY AND ROA

Abstract

This study aims to explore the impact of female board members on Corporate Social Responsibility (CSR) and Return on Assets (ROA) in CEO-only boards. The paper examines the increasing gender diversity in boards and the ability of women to bring about significant changes in corporations. The study found that there is a significant negative relationship between the ratio of women on the board and CSR type words in the annual report, and a significant positive relationship between the ratio of women on the board and ROA. However, there was no significant relationship found between high or low ratios of women on the board and sustainability type reports. The study highlights the importance for companies to focus on their CSR initiatives and structures that support CSR, such as women on boards. The research concludes that investors should pay particular attention to the structure and members of their boards, especially regarding the ratio of women on the board, as it shows an increased ROA