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- All Subjects: Business
- All Subjects: SOX
- All Subjects: Non-profit
- Creators: Samuelson, Melissa
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Resource Type: Text
This thesis analyzes the relationship between diversity within U. S. boards of directors and overall firm performance. In the summer of 2020, various political and social movements erupted, fighting against police brutality and racial violence. These events were followed by an influx of diversity, equity, and inclusion (DEI) frameworks across corporate America. It was becoming increasingly clear that diversity within company leadership was lacking. A company’s board of directors, who is responsible for creating value for shareholders, was not an accurate representation of the people it served. First, I will begin by discussing the current state of diversity in corporate boards by discussing reasons firms diversify, benefits and risks of a diverse board, and major barriers to diversification efforts. A main goal of directors is to maximize shareholder return, which prompts the question: is there a financial benefit to having directors of different backgrounds, skills, and perspectives? In the second part of my thesis, I explore the correlation of board compositions and the company’s financial performance through a study of 45 Fortune 500 companies. Previous studies have mixed results; some studies concluded that there is a positive correlation, some found a negative correlation, and others were inconclusive. While the results of my study did not demonstrate that a relationship between firm performance and diversity exists, I want to emphasize that it does not mean that diverse boards do not contribute at all to the success of the board. There are various factors that contributed to my results, but regardless of my findings, I believe that further research of this topic is necessary and will be beneficial for those in corporate governance.
Women’s Education (WE) is our proposed nonprofit designed to address these problems by providing business education, financial assistance, and academic services to women business owners operating in South Sudan. We believe our targeted intervention in these areas will result in improved social and economic standing for women, the natural byproduct of which is an improved country with increased stability.
In the first half of this paper, we explore the social and historical context of South Sudan to illustrate both the need for (and viability of) of our organization. We outline what we will do to achieve our goal of equality within the business and academic sectors for women, and the effects such equality will have upon society.
In the second half of the paper, we address the logistics behind our operations, including our mission and vision, client needs, budget, management strategies, and other internal and external factors that need to be considered.
KEY WORDS: South Sudan, Gender, Business Education, Academic Intervention, Economy, Societal Infrastructure