The man may still be viewed as default business leaders, affirming the ”think manager, think male” mindset but, we decided to raise the question of whether men are better leaders.
It looks like companies need to bust the leadership “boy’s club”, with new research showing those with female executives perform better.
Research from Macquarie Business School reveals that big companies with three or more women on boards of directors tend to be more profitable.
Three appears to be the “magic” number because it supports diversity that generates higher performance, the research showed.
We, at Investingops, like to bust myths and prove statements, so let’s get the facts:
Female CEOs of large firms have always been a rare breed. In the U.S.A in 2015, more John CEOs were running big companies than Sarah. In 2016, there were only six female CEOs in the firms covered by the FTSE 100 index and 12 in the FTSE 250 index.
Let’s add to the list the Fortune 500 – America’s largest company. Fortune 500 has long been seen as a small-scale version of U.S. business at large. That is why the number of female CEOs is carefully watched among those who track gender diversity in board rooms.
Just last year, the number of women running America’s largest corporations hit a new high: 37 of the companies on the year’s Fortune 500 are led by female CEOs.
Women are climbing the business ladder, and you have the opportunity to get on top of the financial world and trade S&P 500 companies run by female CEOs.