FT Top 50 Women in World Business
Check out this recent article in the FT – shame not to see any British women in the top 25! The article quotes the Catalyst research results, that companies with women on the boards are more profitable:
“Studies by Catalyst and McKinsey in the US and Europe have found a correlation between the number of women in a company’s leadership and the company’s profitability. Financial outperformance is most significant when there is a “critical mass” of women – 30 per cent or more. And Nick Wilson of Leeds University Business School has found that having women on the board can reduce a company’s risk of bankruptcy by 20 per cent.” The “critical mass” issue is is not so surprising – it is much harder to be yourself and make a real difference when you are in the minority. When critical mass is achieved you can be your authentic self – playing to your strengths – rather than drowned out and forced to conform to the group-think.
Last updated on September 29th, 2009
