Empirical assessment of female directors representation in the Nigerian listed companies
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Date
2018-08-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Research Studies in Management
Abstract
This study empirically assessed female directorship representation in the Nigerian listed
companies. The population of the study consists of all the quoted non- financial firms as at
31st December, 2016. A sample of eighty five (85) quoted firms was selected for the period
2012 to 2016. The data analysis was carried out through descriptive method. The findings
indicate that from the entire sampled firms in the non- financial firms in the reference period,
27 companies do not have female director on the corporate board. 18 of the firms had
female directors marginally represented on the board. 32 of the companies had female
directors fairly represented on the corporate board. While 2 of the firms had female directors
averagely represented, only 1 of the sampled firms had women adequately represented on the
corporate board. 2 industries had no female directors on firm corporate board. 5 industries had
female directors marginally represented on the corporate board. 3 industries had female
directors fairly represented on firm corporate board while no industry had neither female
director averagely nor adequately represented on the firm corporate board. The study
recommends that the Federal government of Nigeria should urgently legislate for adequate
representation of certain quota of female directors on the board of listed firms. It should also
ensure a mandatory disclosure of the compliance through enforcement by concerned
regulators.
Description
Staff Publication
Keywords
female directors;, Blau index method;, firm; corporate board;, board size
Citation
Ogbeide, S. (2018). Empirical assessment of female directors representation in the Nigerian listed companies. International Journal of Research, 7(2), 47-56