A recent Peterson Institute for International Economics study found that more women in top corporate positions companies correlates with improved financial performance (net profit margin). The research included more than 21,000 companies in 91 countries and examined the levels of gender diversity among CEOs, corporate directors and C-suite officers. The study also looked at national policies that encourage women’s participation in the workforce, including family leave and access to education. According to the researchers, “what matters most for gender diversity is creating a pipeline of women into corporate management, from elementary education through child-bearing years.”
While improved performance was the good news, the study also found that 60% of the companies had no women on their boards, 50% had no female top executives and only 5% had female CEOs.