caa a22 4500 605483019 CHVBK 20210128100429.0 cr unu---uuuuu 210128e20150401xx s 000 0 eng 10.1007/s10551-014-2092-0 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2092-0 Perrault Elise School of Business, College of Charleston, 5 Liberty Street, Suite 328, 29424, Charleston, SC, USA aut Why Does Board Gender Diversity Matter and How Do We Get There? The Role of Shareholder Activism in Deinstitutionalizing Old Boys' Networks [Elektronische Daten] [Elise Perrault] This essay bridges together social network and institutional perspectives to examine how women on boards, by breaking up directors' homophilous (e.g., all-male) networks, contribute to board effectiveness. It proposes that through real and symbolic representations, women enhance perceptions of the board's instrumental, relational, and moral legitimacy, leading to increased perceptions of the board's trustworthiness which in turn fosters shareholders' trust in the firm. Envisioning the gender diversification of boards as an event of institutional change, this article considers the critical role of shareholder activists and legislative support from the SEC in the deinstitutionalization of old boys' networks and the reinstitutionalization of gender diverse boards. This work is substantiated with evidence obtained through 34 semi-structured interviews, archival and documentary evidence. Springer Science+Business Media Dordrecht, 2014 Corporate governance nationallicence Corporate boards nationallicence Women on boards nationallicence Board diversity nationallicence Social networks nationallicence Institutional change nationallicence Shareholder activism nationallicence Journal of Business Ethics Springer Netherlands 128/1(2015-04-01), 149-165 0167-4544 128:1<149 2015 128 10551 https://doi.org/10.1007/s10551-014-2092-0 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2092-0 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Perrault Elise School of Business, College of Charleston, 5 Liberty Street, Suite 328, 29424, Charleston, SC, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 128/1(2015-04-01), 149-165 0167-4544 128:1<149 2015 128 10551