The Peterson Institute for International Economics and professional services firm EY recently released a study that reveals a significant correlation between women in leadership and company profitability.
The Peterson Institute/EY survey looked at nearly 22,000 public companies across 91 different countries – around half of which had no female executives at all. Amazingly, 60% of the companies had no women on their boards, while fewer than 5% had female CEOs!
The report, discussed in this article by Fortune Magazine, found that companies with at least 30% female leaders had net profit margins up to 6% higher than companies with no women in the top ranks.
You can check out the full Fortune article here.