Board Diversity and Self-Regulation in Dutch Pension Funds

Purpose – The purpose of this paper is to examine the change in pension fund board diversity after selfregulation was introduced, and investigate which pension fund characteristics influence compliance with selfregulation. In addition, the authors analyze whether compliance might be achieved by tokenism. Design/methodology/approach – The authors hand-collect pension fund and pension fund board data of the largest (by assets) 200 pension funds in the Netherlands. The authors compare descriptive statistics on board diversity, perform statistical tests on these, and perform non-linear regression... Mehr ...