Thursday, November 29, 2012
Board Math: One Woman Equals Fewer Accounting Errors
Publicly traded companies are making a concerted effort, albeit a slow one, to diversify their boards. (The Journal reports a one percentage point gain at Fortune 1000 companies last year, meaning that women now hold 15.6% of board seats.)
But it turns out that even the smallest step – adding a single woman director– correlates with positive results.
New research shows that firms with at least one woman director are significantly less likely to restate quarterly or annual earnings than are companies with an all-male slate of directors—40% less likely, researchers say.
See full Article: http://blogs.wsj.com/atwork/2012/11/26/board-math-one-woman-equals-fewer-accounting-errors/