Duh: Study Shows Companies Perform Better With Women On Their Boards
5:45 pm, July 31st | by Amy Tennery
Yes, The Jane Dough champions board diversity pretty much all the time. And yes, we think having more women on company boards is a great idea — one that could help businesses exponentially.
But you want more proof that women make great board members? Well, here it is: Women really do help company boards perform better.
A new report from the Credit Suisse Research Institute showed that when a company brings women onto its board, it does better than those companies with all-male boards.
The report examined “2,400 companies with and without women board members from 2005 onward,” and found companies with gender-mixed boards performed 26 percent better than all-male boards during that time period.
And consider this excerpt from the report, courtesy of Think Progress:
Our key finding is that, in a like-for-like comparison, companies with at least one woman on the board would have outperformed in terms of share price performance, those with no women on the board over the course of the past six years… the evidence suggests that more balance on the board brings less volatility and more balance through the cycle.
This is a crucial finding — and one of the few that actually pinpoints women’s tangible benefits in the boardroom. In short, it’s the study we’ve been waiting for.