s+b Trend Watch: Female Board Members on the Rise
The number of women on corporate boards is increasing — and these directors value diversity in the workforce.
Women continue to gain ground in the boardroom, which may be good news for diversity. A recent study found that far more female directors place a high value on diversity than do their male colleagues.
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Firms facing pressure to add women to the board tend to increase the number of seats, not replace incumbent men — which dilutes the female directors’ power.
The number of women presiding over large companies still lags far behind men, yet the firms they lead tend to be more risk averse and more profitable over the long term.
The effectiveness of women in the boardroom can depend on whether the company is having a period of good performance or bad.
