Global studies have revealed that companies with greater gender diversity not only do well financially, but are also characterised by better leadership, accountability, innovation, operational efficiency and a motivational work culture. If India Inc. wants to give itself a competitive edge, it needs to invite skilled economists, social scientists, chartered accountants and women with diverse competencies to bring a fresh perspective to corporate decision-making.
A recent study of the top 100 Indian companies (BSE 100) by Randstad shows that companies with women on their boards performed better.The study revealed that the board of a private sector company, run by a professional CEO with a mix of both men and women, helped Return on Equity (ROE) rise by 4.4% in 2014. In contrast, a similar company with a men-only board saw its ROE rise by a mere 1.8% in the same period.
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