The Impact of Board Diversity on Corporate Sustainability in Oil and Gas Firms in Kano State
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Background of the Study
The oil and gas sector in Nigeria faces increasing pressure to adopt sustainable practices, balancing economic performance with environmental and social responsibilities. Board diversity, which encompasses gender, age, expertise, and cultural representation, has emerged as a critical factor influencing corporate sustainability (Ahmed & Idris, 2024).
Diverse boards are better equipped to address complex sustainability challenges due to their varied perspectives and expertise. This study focuses on oil and gas firms in Kano State, exploring how board diversity contributes to sustainable practices in the sector.
Statement of the Problem
Despite the recognized importance of board diversity, many oil and gas firms in Nigeria exhibit limited inclusivity, with homogenous boards often lacking diverse perspectives. This lack of diversity hinders effective decision-making and the adoption of sustainable practices (Okeke et al., 2023).
Previous studies have primarily examined diversity in terms of gender, with limited focus on its broader implications for corporate sustainability. This study seeks to address this gap by investigating the impact of board diversity on sustainability in Kano State’s oil and gas sector.
Objectives of the Study
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To evaluate the impact of board diversity on corporate sustainability in oil and gas firms in Kano State.
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To identify diversity dimensions that influence sustainability practices.
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To propose strategies for enhancing board diversity to improve corporate sustainability.
Research Questions
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How does board diversity impact corporate sustainability in oil and gas firms in Kano State?
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What diversity dimensions influence sustainability practices in the oil and gas sector?
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What strategies can enhance board diversity to improve corporate sustainability?
Research Hypotheses
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Board diversity does not significantly impact corporate sustainability in oil and gas firms in Kano State.
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Diversity dimensions do not significantly influence sustainability practices in the oil and gas sector.
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Strategies to enhance board diversity do not significantly improve corporate sustainability.
Scope and Limitations of the Study
This study focuses on oil and gas firms operating in Kano State, analyzing board diversity and sustainability practices from 2015 to 2025. Limitations include restricted access to internal governance data and the study’s focus on a specific geographic region.
Definitions of Terms
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Board Diversity: The inclusion of varied demographic, professional, and experiential attributes in a corporate board.
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Corporate Sustainability: Business practices aimed at achieving economic, environmental, and social goals.
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Oil and Gas Firms: Companies involved in the exploration, production, and distribution of petroleum products.
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