Stakeholder and gender characteristics of mining and energy IPO boards of directors
Dimovski, William and Brooks, Robert 2006, Stakeholder and gender characteristics of mining and energy IPO boards of directors, in Enhancing corporate accountability : prospects and challenges : conference proceedings, Monash University School of Business and Economics, Gippsland and the Dept. of Business Law and Taxation, Melbourne, Vic., pp. 103-114.
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The mining and energy sectors are particularly publicly sensitive sectors and subject to a high degree of public scrutiny. Evan and Freeman (1993) suggest that such public scrutiny needs may be better met by having direct public stakeholder representation on the board of directors. Similarly, Bilimoria (2000) argues a strong commercial case for engaging women on boards. This paper investigates the number and proportion of non equity holding public stakeholder directors and the number and proportion of women directors on the boards of Australian mining and energy company initial public offerings (IPOs) and reports a paucity of public stakeholder directors and also a low proportional female representation on such IPO boards.
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