Abstract

The main objective of this study is to analyze the relationship between member diversity in boards of directors and the adoption of corporate governance practices in 204 Chilean companies during the period 2015-2019. A descriptive-correlational analysis is performed, generating trees of significant correlations and regressions to assess relationships between variables. The results show the existence of significant correlations between the diversity of the boards of directors and the variables that classify shareholders and define risk management. Gender diversity positively and significantly affects the adoption of corporate governance practices. Nationality diversity positively and significantly affects practices related to shareholders and risk management. It is concluded that diversity in both gender and nationality encourages the adoption of good corporate governance practices.

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