Perhaps more closely 'executive supervision and monitoring is undesirable when the monitoring is done by people bound from the top, such as shareholders on boar

Perhaps more closely 'executive supervision and monitoring is undesirable when the monitoring is done by people bound from the top, such as shareholders on boards, or top executives on underlings.' From the abstract: "This negative effect is driven by companies with greater shareholder rights. In firms with weaker shareholder rights, gender diversity has positive effects."