Okay, maybe not rule the world, but sit on more boards of directors
Women are better at making business decisions. Add to the body of research confirming the fact a new study by McMaster University in Ontario, which found that companies hoping to make better decisions, (read: profit) should hire more women.
Specifically, the study found that women are more likely to consider the rights of others, and more inclined to take a collaborative approach in decision making, and all of that benefits the corporate bottom line.
“There have been a couple of studies”, Deborah Cannon, CEO of the Houston Zoo, told KTRH, “looking at straight profitability that found large companies that have women on their boards outperform other large companies that don’t by 26%”.
Dr. Chris Bart, co-author of the new study, told KTRH, “Just one woman on a board can result in higher return on sales, a higher return on invested capital, and a higher return on equity.”
“Companies with women on their boards outperform companies that don’t,” Deborah Cannon added.
The study of more than 600 board directors found that women are significantly more inclined to take into account the interests of multiple stakeholders, and therefore more inclined to arrive at a more fair and moral decision.
“Get with the program,” Dr. Chris Bart tells KTRH he says to boards when called in for consultations, “because in a society in which more than 50% of the people are women, and there is no shortage of talented and accomplished women, you need female representation on your board.”