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Want profits? Put some women in the boardroom
Females are a factor when it comes to big profits. A new study shows companies with the greatest number of women board members usually have significantly better financial performance. The report is being released today by Catalyst, a nonprofit group that promotes women in executive roles. Catalyst looked at financial results, such as return on equity, at the 500 largest U.S. corporations. Those with at least three women directors had notably stronger results on average. The correlation was found throughout a variety of industries.
Posted on October 1, 2007 4:19 AM PT | Permalink
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