Board Diversity and Financial Performance: Case of Moroccan banks

Abstract:

Corporate governance remains a privileged field for researchers in management sciences. The interest in looking at the governance bodies is that they are supposed to play a very important role in driving the business towards the goals set efficiency and effectiveness. Determining the composition and the ideal functioning of these governance bodies is an ultimate goal for researchers and practitioners, but the road is still long because the conclusions of the studies made up to this day on the subject do not unanimously. One of the topics (and little discussed) about the effect of gender diversity on the effectiveness of the board of directors.

The purpose of this article is to present a contribution in the analysis of the effect of the presence of women on the board of directors on the financial performance of Moroccan banks. After a presentation of the mission of the board of directors and its objectives, we presented the main theories, which evoked our problematic, then to present a synthesis of the works, which studied the impact of the presence of the women on the performance of the banks and finally an empirical analysis of this relationship. This analysis is made from the data of six Moroccan banks over a period of 10 years. The results showed that there is only one positive and significant relationship between the presence of women and the financial performance expressed by ROE and ROA.