Gender Mainstreaming on the Boards of Directors of Banks: Its impact on Bank Performance

Abstract

Abstract: Gender mainstreaming is an approach to achieve gender equality. It entails incorporating a gender viewpoint into the development, planning, implementation, monitoring, and assessment of policies, regulatory measures, and expenditure plans. While promoting gender equality mainstreaming, alliances between men and women, results in good return which encourages inclusive growth. Corporate governance regulations all over the world encourage the inclusion of women on corporate boards. In 2013, it became mandatory for a company's board of directors to include at least one female director. Board directors play a vital role in any organisation. The primary responsibility of board directors is to increase shareholder wealth. Because of the opacity in banks, the position of board directors is crucial. Their role isn't just to make policies; it also includes putting forth efforts to ensure banking's longterm viability. A well-functioning banking system is regarded as a prerequisite for growth. An attempt is made to investigate the role of female directors in Indian banking, using return on assets and return on equity as performance measures. The panel data is used to examine five public banks and five private banks listed on the BSE. Research articles on the role of gender diversity in the board of directors in affecting bank performance have been collected from several refereed journals to review the related literature. Keywords: Banking, Gender, Director, Performance, Woman