STAKEHOLDER PERSPECTIVES ON BOARD GENDER DIVERSITY AND ITS IMPACT ON FIRM PERFORMANCE:AN EMPIRICAL ANALYSIS

Abstract: This study explores stakeholder opinions on gender diversity within the board of directors and its influence on firm performance. Increasing female representation at the board level is widely recognized for fostering inclusive decision-making, enhancing corporate governance, and driving responsible business practices. Stakeholders generally perceive that gender-diverse boards contribute positively to both financial and non-financial aspects of firm performance, including improved corporate social responsibility (CSR), innovation, transparency, and stakeholder trust. However, the impact is context-dependent, and some opinions suggest potential inefficiencies or challenges in achieving consensus within highly diverse boards. Both Primary and Secondary data has been used for the study. The Primary data were collected from both public and private companies. The sample respondents are women directors are taken for the study as 385 by using convenient sampling method. The findings of the study shows that the most important variables considered for the Opinion towards Board of Directors on Gender Diversity is Gender diversity enhances board decision- making quality.

Keywords: Gender Diversity, Women, Board of Directors, Firm performance.