Next, the paper examines different empirical studies that have been conducted on this topic. Research has shown that a diverse board of directors, in terms of gender and age, can lead to better decision-making processes and ultimately improve corporate performance. However, it is important to note that the relationship between board characteristics and corporate performance is complex and cannot be attributed solely to one factor.
Furthermore, the paper discusses the importance of considering the context in which the board operates when analyzing the impact of personal characteristics on corporate performance. Factors such as industry type, company size, and cultural differences can all affect the role and effectiveness of the board of directors.
In conclusion, the paper emphasizes the need for companies to carefully consider the personal characteristics of board members when selecting and evaluating them. A diverse board with varied experiences and perspectives can bring valuable insights and improve decision-making processes. However, it is important to recognize that personal characteristics alone cannot guarantee success – the board’s effectiveness also depends on contextual factors and the ability of its members to work together towards common goals.




