For any company looking to improve its bottom line (and what company isn’t?), here’s a crucial statistic:
Companies with female board directors out perform all others, with 16% higher return on sales, and 26% higher return on invested capital.
Organizations like Catalyst have even compiled lists of board-ready female candidates that boards can consult. So really, there’s no excuse any longer to keep boards pale, male, and stale.
Start at the bottom with an effective women’s diversity initiative and make sure your talented women are rising to the top.
Source: “Entertainment and Internet: Women’s Spending Power.” Needham & Company, LLC. June 25, 2015.