Asian Companies With More Women on Boards Deliver Better Results
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Southeast Asian and Chinese companies with more women on their boards delivered better financial results than those dominated by men, according to a study by the International Finance Corp.
Boards where more than 30% of members are women reported an average return on assets of 3.8%, compared with 2.4% for those without female representatives, according to the IFC study jointly carried out with the Women’s Empowerment Working Group and the Indonesia Stock Exchange. The return on equity for companies with more than 30% female board representation was 6.2%, beating the 4.2% rate seen at those with all-male boards, it showed.