There’s one more reason to diversify your corporate board by including more women.
Companies with women directors were less likely to approve M&As. But when they did, the price they paid for acquisitions was reduced by 15.4%, reports cbc.ca.
Additionally, the study by researchers at UBC’s Sauder School of Business, found that for every one woman on the board, the number of a company’s attempted takeover bids reduced by 7.6%. This might indicate that women help temper hasty decisions about acquisitions by predominantly male CEOs, notes cbc.ca.
At yesterday’s PROFIT/Chatelaine W100 Idea Exchange, Twitter Canada’s Kirstine Stewart told the crowd of female CEOs that women should take advantage of certain natural attributes that will help them succeed in a changing business. According to Stewart, in today’s economy, CEOs with the ability to collaborate, multitask and listen do best—all traits that Stewart believes women posses.
What do you think? Are women uniquely positioned to thrive in today’s business environment?