Asked by Charlease Jordan on May 09, 2024

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Research shows that companies with a higher percentage of female board directors and corporate officers, on average, financially outperform companies with the lowest percentages by significant margins.

Female Board Directors

Refers to women serving on the boards of directors in various organizations, aiming to enhance diversity and decision-making processes.

Corporate Officers

High-ranking executives appointed or elected to manage an organization's affairs and make significant business decisions.

Financially Outperform

The act of achieving superior financial results or returns compared to a specific benchmark or peer group.

  • Elucidate the impact of individual and group identity within professional environments.
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Jessica SantosMay 12, 2024
Final Answer :
True
Explanation :
Numerous studies have shown that companies with greater gender diversity at the board and executive levels tend to have better financial performance, innovation, and decision-making. One study by Peterson Institute for International Economics found that increasing the share of women in corporate leadership roles from 0% to 30% is associated with a 15% increase in profitability.