Social commitment leads to good relationships between companies and its stakeholders, and it is the board of directors’ responsibility to ensure that companies fulfill their commitment to the communities and society of which they are a member. In a study published in Corporate Social Responsibility and Environmental Management, researchers who analyzed the boards of directors of publicly listed US firms found that board gender diversity is positively associated with firms’ social commitment to human rights, product responsibility, and their community and workforce.
The investigators noted that having female directors can be a leading indicator of a company’s commitment to creating a positive social impact, and embracing gender inclusivity when forming a board is the beginning of the journey towards building a sustainable organization.
“The presence of board gender diversity leads to firms’ social commitment and sustainable future,” said corresponding author Pattanaporn Chatjuthamard, PhD, of Sasin School of Management, in Thailand.
URL Upon Publication: https://onlinelibrary.wiley.com/doi/10.1002/csr.2320
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Corporate Social Responsibility and Environmental Management provides a resource for the ever increasing number of organisations concerned about social and environmental responsibilities in the context of sustainable development and are interested in developing tools and case studies to improve their performance and accountability in these areas.
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Journal
Corporate Social Responsibility and Environmental Management
DOI
10.1002/csr.2320
Article Title
Board Gender Diversity, Corporate Social Commitment and Sustainability
Article Publication Date
22-Jun-2022