Analyzing the Impact of Board Diversity on Financial Distress Risk: Empirical study on the Egyptian Listed Firms

: Purpose: This study aims to investigate the impact of board diversity on financial distress of the non-financial Egyptian Listed firms. Design/ methodology/approach: The study uses a data of 23 non-financial companies listed in the EGX30 from 2014 to 2023. The study uses a Panel data analysis, including Pooled Regression, Fixed Effect, and Random Effect models. Finding: The result reveals that gender diversity and independent directors have a negative significant effect and mitigate financial distress, underscoring their role in enhancing financial stability and resilience. Conversely, board size and tenure show no significant impact on the financial distress risk. Originality/value: These findings highlight the strategic advantage of structural and demographic board diversity in navigating economic uncertainties and regulatory challenges within Egyptian listed firms, suggesting avenues for further research in broader economic contexts.