Directors &amp; Corporate Social Responsibility: Joint Consideration of Director Gender and the Director’s Role

Cullinan, Charles P.; Mahoney, Lois S.; Roush, Pamela B.

doi:10.1080/0969160x.2019.1586556

Cited by 33 publications

(31 citation statements)

References 65 publications

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“…Future research may focus on female CSR committee chair and CSR performance in greater detail. Cullinan et al (2019) observed that the female director's role is important in capturing the intention to derive more enhanced CSR practices and performance. Hence, a fruitful area would be to investigate the potential effects of female CSR board chair with CSR expertise and independence on CSR practices and performance.…”

Section: Future Researchmentioning

confidence: 99%

CSR committee attributes and CSR performance: UK evidence

Elmaghrabi

2021

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Purpose This study aims to explore the set of corporate social responsibility (CSR) committee attributes that may enhance CSR performance and CSR strategy formation and reduce CSR controversies.[AQ1] Towards this end, the study also explores the differences between companies with and without CSR committees in terms of these three CSR performance facets. Design/methodology/approach The study uses a sample of financial times stock exchange (FTSE) 100 non-financial companies in 2015–2017. Kruskal-Wallis test is conducted to test the differences in CSR performance in firms with CSR board-level committee, CSR management committee and no committees. Additionally, a regression model is used to explore the attributes of CSR committees that lead to better/less CSR performance and CSR strategy/CSR controversies. A two-stage least squares regression model was used as a robustness check. Findings Firms with board CSR committee have better CSR performance and CSR strategy and lower CSR controversies than both firms with no CSR committees and firms with a CSR management committee. Regression results show that CSR committees that are predominantly consisting of independent board members, chaired by a female director and setting more meetings have better CSR performance. Additionally, CSR committees were found to have lower CSR controversies when having more independent directors and a chair with CSR expertise. CSR strategy was better with the CSR committee represented by a larger group of members. Originality/value This study makes several contributions to the sustainability governance literature and regulatory/guidance interfaces. There is extant literature examining audit committee attributes and their effects on various firm outcomes. The same can be said on the regulations of the audit committee. CSR committees’ composition and benefits are, by far, less regulated and largely under-researched. Hence, this paper is considered an early attempt to explore the CSR performance improvements a CSR committee may bring and the composition that would bring better CSR performance.

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Section: Future Researchmentioning

confidence: 99%

CSR committee attributes and CSR performance: UK evidence

Elmaghrabi

2021

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“…Therefore, resource dependence theory [53] would suggest that the inclusion of women on the board of directors enables greater access to resources and information channels by providing a wider network of contacts, which is particularly important for increasing the value of the business [54]. This situation can lead to better decision making [55] and the implementation of CSR policies such as those relating to the environmental dimension [15,56].…”

Section: Board Gender Diversity and Environmental Performance: Litera...mentioning

confidence: 99%

Does Gender Diversity Affect the Environmental Performance of Banks?

2020

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Climate change is one of the greatest challenges facing humanity today. Therefore, all segments of society must act together to stop the deterioration of the planet and the depletion of its resources. The business sector must play an active role in acting responsibly toward the environment. Given the importance of this issue, major efforts have been made to analyze the environmental performance of the most polluting sectors. In contrast, other sectors that are also of great interest due to their contribution to sustainable development, such as the banking sector, have been overlooked. Notable factors conditioning performance include aspects of corporate governance such as gender diversity. However, the empirical evidence reveals a lack of consensus regarding the influence of women directors on corporate environmental performance. This background motivates the study of the commitment of the banking sector to reducing their environmental impact and the analysis the influence of board gender diversity on environmental performance. Data for the period 2009 to 2018 on 52 banks from the most polluting Western regions were studied using descriptive statistics and fixed effects econometric estimation to test the relationship between a selection of relevant variables. The key conclusions are that banks are committed to protecting the environment and that there are no significant differences between banks’ commitment to the planet on the basis of board gender diversity.

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“…Cucari et al (2018) and Gallego-Alvarez and Pucheta-Martínez (2020) document a significant positive association between companies' board independence and CSR involvement. Further, Hussain et al (2018), Ibrahim and Hanefah (2016) and Cullinan et al (2019) find that independent directors are associated with higher levels of CSR performance.…”

Section: Board Independencementioning

confidence: 89%

“…Further, female directors on boards may enhance companies' awareness of environmental and social issues and promote the adoption of proactive strategies to respond to corporate stakeholders' social and ethical demands and expectations (Al-Shaer & Zaman, 2016;Ben-Amar et al, 2017;Hollindale et al, 2019). Boulouta (2013), Hussain et al (2018) and Cullinan et al (2019) argue that female directors enhance the sustainability performance of a company. Moreover, several studies suggest that firms with a higher percentage of females on the board present a higher level of charitable giving (Wang & Coffey, 1992;Williams, 2003), more favorable work environments (Bernardi et al, 2006), higher levels of environmental CSR (Post et al, 2011) and more apprehension concerning climate change (Ciocirlan & Pettersson, 2012).…”

Section: Board Gender Diversitymentioning

confidence: 99%

The Relationship Between Board Composition and the Ratings Given to Green Bonds: An Empirical Analysis

Lippi¹

2021

JMS

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Due to the growing number of green bond issues, a lack of mandatory standards and thus the growing phenomenon of greenwashing, an increasingly greater role is assumed by external auditors who are called upon to certify the ‘greenness’ of green bonds. These include rating agencies, which may be called on to express a green rating for each issue of green bonds. Based on a unique dataset made up of 66 green bond issues together with their respective green ratings from 2015 to 2020, the aim of this paper is to test the relationship between issuers’ board compositions and the green rating assigned to each bond issue. The results obtained confirm some conclusions already present in the existing literature and also open a new field of research concerning the green bond market, which has so far been little analysed, especially with reference to corporate governance.

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Directors & Corporate Social Responsibility: Joint Consideration of Director Gender and the Director’s Role

Cited by 33 publications

References 65 publications

CSR committee attributes and CSR performance: UK evidence

CSR committee attributes and CSR performance: UK evidence

Does Gender Diversity Affect the Environmental Performance of Banks?

The Relationship Between Board Composition and the Ratings Given to Green Bonds: An Empirical Analysis

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