There has been considerable research on the impact
of gender diversity on business. This report addresses
one key question: does gender diversity within corpo-
rate management improve performance? While it is
difficult to demonstrate definitive proof, no one can
argue that the results in this report are not striking. In
testing the performance of 2,360 companies globally
over the last six years, our analysis shows that it
would on average have been better to have invested
in corporates with women on their management
boards than in those without. We also find that com-
panies with one or more women on the board have
delivered higher average returns on equity, lower
gearing, better average growth and higher price/book
value multiples over the course of the last six years.