The best moments from the 2021 Emmys
The best moments from the 2021 Emmys

Lauren Heskin

‘My uterus is out’: Amy Schumer just underwent major endometriosis surgery
‘My uterus is out’: Amy Schumer just underwent major endometriosis surgery

Sarah Finnan

The cosmic future of Bennifer Again-ifer
The cosmic future of Bennifer Again-ifer

Clarisse Monahan

The Emmys 2021: And the winners are…
The Emmys 2021: And the winners are…

Lauren Heskin

How to face the end of days when everything is overwhelmingly terrible
How to face the end of days when everything is overwhelmingly terrible

Jessie Collins

Here are our favourite dog-friendly hotels in Ireland for every budget
Here are our favourite dog-friendly hotels in Ireland for every budget

Megan Burns

A beginner’s guide to: Starlight kayaking on Ireland’s glow-in-the-dark lake
A beginner’s guide to: Starlight kayaking on Ireland’s glow-in-the-dark lake

Geraldine Carton

This house in Myrtleville, Co Cork with spectacular sea views is on the market for €850,000
This house in Myrtleville, Co Cork with spectacular sea views is on the market for...

Megan Burns

Does astrology affect our dreams and other things we’ve always wanted to know
Does astrology affect our dreams and other things we’ve always wanted to know

Sarah Finnan

Life-changing stories: ‘I went from being suicidal to becoming a Samaritans volunteer’
Life-changing stories: ‘I went from being suicidal to becoming a Samaritans volunteer’

Amanda Cassidy

Image / Editorial

Study: More Women On Executive Boards Means More Money For Companies


by IMAGE
08th Mar 2016
blank

Businesswoman laughing in meeting

A study to coincide with International Women’s Day has found that companies who have more women on their boards make more money than companies whose boards are male dominated. How’s that for empowerment on this particular day?

This research was carried out in Australia, by a group of people at La Trobe University Business School who examined roughly 300 of the top 500 ASX-listed companies down under between the years of 2005 and 2011. In wonderful news, the case for greater female representation in the upper echelons of business was crystal clear, as explained by the school’s head, Professor Paul Mather.

“We did find, as we expected, that there was a positive association between female non-executives on boards and firm financial performance,” he said.

“It’s not just about equity and social justice, it makes economic sense to have greater diversity on boards.”

Were their findings coincidental? Mather says no.

“There’s a simultaneous equation system which kind of allows you to test to see in fact whether it’s women on boards driving performance or whether it was just better performing firms that happened to pick women. Now it’s not to say this is an aggregated on average type of study, so that’s not to say that there won’t be isolated incidences where it’s a coincidence, but on average in the sample that’s what we found.”

Though we’ve still got a long way to go, Mather and his team noted that between 2005 and 2011, the proportion of women on these influential company boards had doubled from 6 to 12 per cent, which they put down to the effective implementation of gender diversity policies, which companies were forced to disclose from 2010 onwards. Today, 12% of the top 200 companies in Australia still have no women on their board, though whether or not the policy issue of gender quotas would be best posed to remedy this, they’ll have to delve a little deeper.

“Having the greater diversity that women bring is beneficial in economic sense – I mean the social justice arguments, equity etcetera is fairly clear. Quotas is a separate policy issue, I think there’s pros and cons about talking about quotas, potentially targets or taking the more softly softly approach that the ASX is taking, this study doesn’t get into that. My sense is personally, I think targets are a good thing – it just concentrates the mind and forces people to get this front of mind when they’re making hiring decisions.”

Do you feel gender quotas should be brought in?

Via ABC

Also Read

blank
AGENDA, EDITORIAL
No, the Olympics haven’t given athletes ‘anti-sex’ cardboard beds

Despite some media coverage, the beds are actually focused on sustainability as opposed to intimacy restrictions. Recently, distance runner Paul...

By Jennifer McShane

blank
premium EDITORIAL
EVENT: How To Master the Art of Negotiation

We sit down with Negotiation Strategist Natalie Reynolds, discussing key tactics and strategies used to master the art of negotiation...

By Shayna Sappington

Keith-_-Tara_130_Web Shantanu Starick painting kitchen cabinets
EDITORIAL
How to limit drips and brush strokes while painting kitchen cabinets

Painting kitchen cabinets can be transformative and can be achieved relatively low-cost, but you need the right equipment, and a lot of...

By Amanda Kavanagh

blank
premium EDITORIAL
Join The Club to Avail of Your Complimentary Tickets to The IMAGE Business Summit 2021

Don’t miss this year’s IMAGE Business Summit, with an expert line-up, skills masterclasses, keynote addresses and more.Back by popular demand,...

By Shayna Sappington

blank
EDITORIAL
This is what happens when you hypersexualise young girls growing up

Who is demanding the fetishization of young girls anyway?”When I was working in my early twenties, and even my late...

By Amanda Cassidy

alternative asthma treatments
EDITORIAL
Three alternative asthma treatments to try this hayfever season

Approximately 80% of people with asthma also suffer from hayfever, which can make summer days a nightmare. These three alternative...

By Grace McGettigan

brain
EDITORIAL
8 easy ways to keep your brain healthy that you can do right now

Your brain health is just as important as that of the rest of your body, says psychologist and neuroscientist Dr...

By IMAGE