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can have both costs and benefits, relying on the corporate’s particular wants. This essay bridges collectively social community and institutional perspectives to examine how ladies on boards, by breaking up administrators’ homophilous (e.g., all-male) networks, contribute to board effectiveness. It proposes that by way of real and symbolic representations, women enhance perceptions of the board’s instrumental, relational, and moral legitimacy, leading to The hottest to my wife you are the woman i dreamed of hearts necklaceincreased perceptions of the board’s trustworthiness which in flip fosters shareholders’ belief within the agency. Envisioning the gender diversification of boards as an occasion of institutional change, this article considers the important role of shareholder activists and legislative support from the SEC in the deinstitutionalization of old boys’ networks and the reinstitutionalization of gender numerous boards. This work is substantiated with evidence obtained through 34 semi-structured interviews, archival and documentary proof. Liao argues that the monitoring by giant outside shareholders exacerbates the conflict between debt and fairness and in turn affects the choice and

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