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The authors identified several key factors: More women in top positions broadened the talent pool and potentially paved the way for a more talented board; gender diversity allowed for a diversity of views, leading to greater discussion; and gender diversity could lead to potentially more conflict between board members, less trust, and hence increased scrutiny and less fraud, they said. Securities fraud is a white-collar crime in which a person or company misrepresents informa tion that investors use to make decisions. The three major types of securities fraud identified by the study in China were the postponement of disclosures, major failures to disclose information, and false statements. The study aligns with findings elsewhere in the world, and led the scholars to conclude that the presence of more women improves corporate governance, 'implying that regulators and policymakers should consider the worldwide call for more gender-diverse boards.'
The authors identified several key factors: More women in top positions broadened the talent pool and potentially paved the way for a more talented board; gender diversity allowed for a diversity of views, leading to greater discussion; and gender diversity could lead to potentially more conflict between board members, less trust, and hence increased scrutiny and less fraud, they said. Securities fraud is a white-collar crime in which a person or company misrepresents informa tion that investors use to make decisions. The three major types of securities fraud identified by the study in China were the postponement of disclosures, major failures to disclose information, and false statements. The study aligns with findings elsewhere in the world, and led the scholars to conclude that the presence of more women improves corporate governance, 'implying that regulators and policymakers should consider the worldwide call for more gender-diverse boards.'
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