Companies that have at least one woman executive on their Board perform better than those without, a new study had found.
Businesses with all-male executive Boards missed out on £430billion in investment. According to the research by Grant Thornton which surveyed companies across the UK, US and India.
Francesca Lagerberg, Global Leader for Tax Services at Grant Thornton, commented: “I liken the debate around Board diversity to that of renewable energy. We know it’s the right thing to do - both in terms of fairness and for sustainable future growth - but collectively society is dragging its heels.
“The response to both issues seems to be 'Yes, we need to take action, but it will be expensive to implement in the short-term,' so we kick the can down the road.
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