The higher return held true across countries and sectors, and was especially marked for companies where gender parity was greatest in revenue-producing and top-paying jobs, researchers said.
Not only is this an important step towards inclusivity and social progress, but it also has a positive impact on the overall financial performance of organizations. While the exact factors driving this correlation between gender balance and higher returns require further study, it is clear that gender diversity brings unique perspectives, skills, and experiences to the table. This diversity of thought can lead to enhanced decision-making processes, innovation, and ultimately, improved financial outcomes. When reflecting on the findings, I believe they resonate with broader discussions around the importance of diversity and inclusion in today's business landscape. Organizations that prioritize gender equality are not only aligning with societal expectations but also positioning themselves for long-term success in an increasingly competitive global market. As businesses and policymakers continue to recognize the economic benefits of gender equality, we can hope for more concerted efforts to address gender disparities and create inclusive environments where all individuals, regardless of gender, can thrive.
Indeed, rigorous academic studies confirm. Although diversity in top management teams is also about other dimensions such as ethnic background. Attached some evidence for outperformance of diverse lead partners in Private Equity https://onlinelibrary.wiley.com/doi/full/10.1111/1467-8551.12456
Shocker
Robert Baker Rodica Avornic just as we were discussing organisational benefits..!
This should be happening naturally and it’s frankly embarrassing that many sectors are still not endorsing greater gender balanced communities. Having worked in the insurance industry for 40 years this became evident to me many years ago and added huge advantages to my companies performance.
It’s would be great to have better salary
Imagine that
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6moNonsense... correlation is not causality.. competence (not gender) is the key