This study examined the influence of gender diversity among company boards of directors and managerial ownership on corporate risk-taking. The sample was manufacturing companies listed on the Indonesian Stock Exchange from 2010 to 2013 selected using the purposive sampling method. Data was examined using multiple regression methods. The results showed that gender diversity on a board of directors (BOD) and managerial ownership have no significant effect on corporate risk-taking. This is likely due to the relatively low percentage of both variables in Indonesia, thus, they do not tend to affect corporate risk-taking decisions. The study recommends increasing gender diversity and managerial ownership in the corporate risk-taking process towards sustainable business practices.