Study emphasises benefits of women on Boards

A new study has added further validity to the benefits of increasing the number of women on Boards.

The Australian study has drawn a correlation between Board composition and the worldwide discrepancy in pay between the genders, The Australian Financial Review reports.

The 'Gender Equity Insights 2016: Inside Australia's Gender Pay Gap' report found that increasing the share of women on Boards from zero to equal representation was associated with a 6.3% reduction in the pay gap for full-time, management-level staff.

It was also associated with a 2.6% reduction in the gender pay gap for other full-time employees.