| dc.description.abstract | There is much debate amongst academics regarding the contribution of women on corporate
boards, particularly, the effect on financial performance. Though there have been serious efforts
to ensure that even private organizations adhere to the Gender Equality Seal Certification
programme, there is still a glass ceiling for women on boards. The main purpose of the study was
to find out the relationship between board gender diversity and financial performance in Masaka
Municipality. The study examined the biggest two insurance companies in Uganda, that is
Statewide Insurance Company (SWICO) and National Insurance Corporation (NIC) on issues
regarding the topic. For the study, secondary data was extracted from the published financial
statement of the selected companies while primary data was collected with the use of
questionnaire from the 44 respondents drawn from the selected the 2 insurance companies. Data
analysis was performed using SPSS in form of mean, standard deviation and coefficient analysis.
Findings indicate that gender diversity on boards has a positive relationship with financial
performance. NIC that had 33.3% representation of women on the board was found excelling in
terms of ROE, ROA and Sales Growth than SWICO which had no women on board. In addition
to the empirical findings supporting board gender diversity, I also emphasize that an economic
objective should not be the only reason for increasing women representation on boards.
Keywords: Financial Performance, Boards Gender Diversity, Board Composition, Board of
Directors, Female Representation ROE, ROA and Sales Growth. | en_US |
