Exploring the Role of Board Diversity in Driving Sustainability Performance
Abstract
This research seeks to analyze the influence of female board directors, higher education boards, and the role of independent board members in shaping sustainability performance, analyzing their impact through control variables namely board size and company size. The methodology employed is a quantitative method, with data collected from the annual reports of Indonesian manufacturing firms traded on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Researchers conducted descriptive statistical analysis, using bivariate examination and multivariate assessment. Results underscore the pivotal importance of governing body independence in enhancing sustainability outcomes, reinforcing the significance of effective organizational frameworks in advancing corporate sustainability. While gender diversity and educational qualifications of board members indicate positive tendencies, their influence appears to be context-dependent and may be shaped by other organizational or governance-related factors. These insights underscore the need for further exploration of board characteristics alongside corporate oversight systems in shaping sustainability outcomes.
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DOI: https://doi.org/10.17509/jrak.v13i3.91173
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