Women make better corporate leaders than men because they are more likely to make fair decisions when competing interests are at stake, a new study has found. The study also revealed that companies with higher representations of females on their boards had better financial performance.
“We’ve known for some time that companies that have more women on their boards have better results,” said Chris Bart, a professor of strategic management at McMaster’s DeGroote School of Business. “Our findings show that having women on the board is no longer just the right thing, but also the smart thing to do. Companies with few female directors may actually be shortchanging their investors.”
Globally, women make up about 9% of corporate board members, the study said.