10 September 2009
Women make you profitable!
During a presentation yesterday I heard a chap say something a lot of female execs already know... a board that includes a woman (or women) will result in that organisation being on average 8% more profitable!
After a quick bit of digging round I also found confirmation (from Harvard no less) that female directors are proven to be far better at corporate governance and when a board is inclusive of women the company outperforms it's competitors. One of the many articles can be found on the Harvard
website. It's a fact that male directors raise their game when sitting on boards with women - surely a win/win situation then? The Times also reported
that women help businesses to succeed.
It makes perfect sense to diversify and at the very least have a female non executive - great governance and a better bottom line too!
I have to say, I've noticed a few more of my male colleagues telling me that they ought to add a female non exec recently. If you are considering this, I'd be happy to discuss non executive opportunities further - drop me a line. Coming out of recession shows we need to have trusted board members, effective and committed executives and the best possible chance of success - women can help. An article in the Telegraph
also talks about women in the boardroom.