After 25 years of democracy, only a limited number of women serve as directors of locally listed companies. Through her research, Dr Nadia Mans-Kemp from the Department of Business Management highlights the need for enhanced board gender diversity and the value of board development initiatives to expand the talent pool.
As part of South Africa's Women's Month celebrations, she tells us more about how her work is making a difference in the lives of women.
Can you tell us more about your research?
My research centres on corporate governance-related topics. As the governing body is the focal point of corporate governance, the roles, composition and effectiveness of directors attract considerable attention. Together with my colleague Prof Suzette Viviers, I have investigated the business and social cases for board gender diversity in South Africa, particularly as it pertains to listed companies. Given that eligible, diverse directors often serve on multiple boards, we have also accounted for the positive and negative effects of multi-boardedness.
Why or how did you become interested in this specific area of research?
As I believe that sound governance is essential for prosperity in South Africa, I investigated the business case for corporate governance among listed companies for my PhD. Thereafter, I focused on board-related topics, given that challenging decisions are made at the highest echelons which affect several stakeholders. Improved monitoring and fresh perspectives on complex topics could considerably enhance the functioning of governing bodies.
Why do you think this is such an important area of research for South African women?
There is growing pressure to diversify boards. We have moved beyond “why" boards should be diversified to “how" it could be done. The King IV Report on corporate governance encourages listed companies to set board gender and race diversity targets. More research is required to offer guidance on setting and reaching realistic targets.
What would you consider the greatest impact of your research on women in the country?
Our research shows that women make a significant positive contribution to local boards. They enhance sustainable value creation. More women should empower themselves and take the leap to apply for senior positions in their companies. Director training, development and mentoring play an essential role to grow the local talent pool.
Do you have any message for the next generation of women researchers?
Believe in yourself: You can make an invaluable impact. Although it might take longer than expected, if you invest enough time and energy, you can achieve what you set out to do.
Photographer: Stefan Els
