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This thesis investigated if there was an association between board member turnover and gender, alongside the investigation of potential gender-related differences during periods of declining firm performance. The performance variables examined included ROA, EBIT, and Stock Returns. The study encompassed a sample of 291 firms listed on Nasdaq Stockholm Large, Mid, and Small Cap between the years 2020 and 2022 yielding 600 firm-year observations. The thesis used a Poisson regression model to test the hypotheses. We found that the additions of female board members are more likely to follow female departures, and that the association was driven by the independent female board member subsample. Furthermore, the thesis did not uncover any significant statistical evidence indicating differential treatment between women and men when firm performance deteriorates, in the form of an increased likelihood of board turnover for women. Instead, we found that non-independent male board turnover was significantly negatively related to stock returns.