Research on Participation Degree of Female Directors

Corporate Governance Board of Directors as one of the important functions of the body, in the company's internal governance structure of the core. Common norms and empirical analysis shows that the board characteristics may play a role in the exercise of its functions, and thus have an impact on company performance. Gender composition of the board characteristics as an important aspect of corporate governance has a certain influence. Scroll through the listed company's annual report found that female directors of listed companies involved in the overall situation is not ideal, even the existence of a large company does not have the status of women on the board, but there are plenty of women directors of companies involved in satisfactory condition. The presence of women on boards of those companies whose statements after careful study and found that there are some female company directors as chairman or vice-chairman, or the same time as a number of important positions such as president, vice president, chief financial officer, etc., or also serves as chairman of the board and general manager. In response to this situation, this paper put forward the innovative \This article mainly through the \\\indicators. Namely, \Duty, \\The weight distribution is made to take a questionnaire to seek expert advice on the way over eight sub-indices derived order of importance, and then by using the analytic hierarchy process is the core idea - build twenty-two sub-index comparison matrix method to obtain twenty-two sub-index comparison matrix, and finally simplify the comparison matrix is ??calculated. In this paper, 2009 in Shanghai Stock Exchange's A-share companies excluding incomplete data and the performance aspect or aspects of shareholder profitability after the data does not match the company's 828 listed companies as samples by SPSS14.0 software to achieve the basic statistical analysis, linear regression analysis and Pearson correlation coefficient. Board to rely on manual data in detail one by one to read annual reports of listed companies and after statistics to collect, analyze, organize after acquisition, corporate results and shareholders' profitability aspects of the data are from the GTA database. The results showed that female directors of listed companies in China's overall state participation is still relatively satisfied, 62.1% of the sample companies have female directors, namely participation of women directors is greater than zero and a maximum value of 0.6512. Also found that the industry, whether the number of independent directors and the Chairman of the dual nature of women on boards is significantly affected participation factor. Correlation analysis showed that female directors involvement and corporate performance indicators, there were significant positive correlation, the paper found no female directors engagement with shareholders and other market indicators of profitability there is a significant correlation.