... of the supervisory board: “pioneer,” “critical observer,” and “hesitant.” These identities represent how female board members situate themselves at the intersection between their function as a board member and their gender. Originality/value Drawing upon social identity theory and tokenism theory, the authors...

.... The empirical investigation is based on several well-known and well-accepted governance theories such as the agency theory, the stewardship theory, the tokenism/critical mass theory and the information asymmetry theory. Findings The findings of the study reveal that the size of board and ACs both...