The study aims to explore the impact of the characteristics of statutory bodies on the economic performance of Brazilian credit cooperatives. Using panel data on 973 cooperatives over 2005-2022, we employed panel tests and the Generalized Method of Moments (GMM) to address endogeneity, assessing how board size, gender diversity, and tenure of the board of directors, executive management, and supervisory board relate to performance. It was not possible to strongly support that those variables influence performance. The findings highlight the importance of tailored board composition and developing female leadership pipelines to balance member representation and financial oversight as cooperatives evolve. Monitoring board structure is key for these entities to remain competitive while upholding their social mission. This study is pioneering in investigated the influence of statutory bodies in performance of Brazilian credit cooperatives, given the difficulty in obtaining the dataset, which is not publicly available.
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