Company performance

Company performance

The increasing recognition of the business case for having more women in business and at more senior levels.The general arguments for more women on boards seem apparent and include larger talent pool,better representation of diverse experiences and competencies that may also help to improve governance of companies,and a better understanding of consumer needs. Findings in the literature are ambiguous and there is no conclusive evidence on the impact of more gender-balanced boards on company performance.
There are multiple tools for helping to redress the imbalance and fostering greater boardroom diversity.They have mandated quotas for gender-balanced company boards often stipulating 40% of either sex as the minimum representation threshold. Other countries have opted for voluntary measures to encourage women’s participation on boards with the monitoring and publication of progress as important feature. Public target setting is one such tool, while another way forward is to work through new or existing Corporate Governance Codes that increasingly address board diversity. Compliance with codes is typically a requirement for listing at the stock exchange.