The role of numbers, power and status of female corporate directors on gender diversity below the board

This thesis explores the relationship between women on corporate boards and the representation of women in the two senior levels below the board. During the past twenty years there has been considerable efforts to improve the numbers of women in leadership roles. While there has been significant progress in developing a critical mass of WoB, it has not had the anticipated effect of improved gender diversity below the board, where progress has been slow and has yielded inconsistent results. Drawing on data from UK FTSE100 companies, this research moves beyond the trickle-down effect related to critical mass theory and incorporates the constructs of power and status to examine the relationship of women on boards and women in the executive levels. The findings suggest that it is the confluence of women on boards in their numbers, and in positions of power and status that drives gender diversity below the board. This thesis makes a number of contributions to knowledge. Taking a configurational approach using Qualitative Comparative Analysis (QCA), was a departure from previous research which has mostly relied on the use of traditional regression analysis. Instead, a QCA embraces casual complexity using a comparative case-based method to systematically analyze configurations of conditions and outcomes. The use of this methodology was important in developing two theoretical contributions. First, it allowed for a more complex analysis, incorporating the theoretical lens of power and status and women’s numerical representation to examine the impact of the gender composition of corporate boards on gender diversity below the board. The findings provide empirical evidence that a critical mass of women is not enough on its own to activate trickle-down mechanism as it is neither necessary nor sufficient in its association with improved gender diversity in the executive levels. Instead, a multi theoretic approach results in strong empirical evidence that female directors on corporate boards, when represented in their numbers, power and status, indicate gender integrated boards and gender integrated boards are key to consistently activating the trickle-down effect. This research also facilitated the development of a board evolution model. Although speculative, it provides a preliminary hypothesis describing how boards have evolved from male dominated ones to ones that are not only gender balanced but gender integrated, where women directors are present in positions of power and influence.