Thomson Reuters releases findings from latest study on the progress and benefits of women on corporate boards
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, released its latest study on gender diversity in the boardroom, which shows how the presence of women on corporate boards has continued at a steady, albeit incremental, increase over the past five fiscal years, and that for the first time, more than half of corporate boards reported that 10% or more of their board is female. The report also shows that companies with mixed boards continue to perform marginally better, on average, compared to a benchmark index, such as the MSCI World.
The report, ‘Climb to the Top – Tracking Gender Diversity on Corporate Boards’, reveals how the progression of women on corporate boards has changed over time, region and by sector, and whether gender diversity helps drive stock performance. It also looks at the proportion of companies with processes in place to drive diversity and equal opportunity. Key findings include:
“Clearly our data shows that there are advantages of having more women on corporate boards,” says André Chanavat, product manager, Environmental, Social & Governance (ESG) at Thomson Reuters. “Although progress towards gender diversity on corporate boards is slow, it is indeed moving in the right direction to a global advantage that allows for increased transparency, performance and overall effectiveness.”
‘Climb to the Top – Tracking Gender Diversity on Corporate Boards’ analyzes the level of gender diversity on corporate boards compiled from 4,255 public companies globally, using data from Thomson Reuters ASSET4 universe which provides objective and transparent environmental, social and governance (ESG) information. In addition, it raises the questions of what needs to be done for companies to hire more women to corporate boards.
This study complements Thomson Reuters “Mining the Metrics of Board Diversity” analysis from July 2013, which revealed that corporations were doing more to track the number of women they employ, and that those corporations with more women at managerial levels appeared to benefit from healthier share prices in times of market turmoil.
Thomson Reuters ASSET4 ESG database provides in-depth environmental, social and governance information enabling socially responsible investment analysis. The ESG database contains information on 4,200+ global companies and over 750 data points covering every aspect of sustainability reporting.
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