Tuesday, September 30, 2008

Strong correlation between female senior executives and strong financial performance

A piece of research by McKinsey suggests that there is a strong correlation between having high numbers of women senior executives and stronger financial performance. Companies with this make-up also have a stronger opportunity to draw from a larger talent pool as talent is in short supply.
Unfortunately I don't have access to the research at the moment, but I will be on the look out for additional quotes from this particular study. It's not the first time there have been positive correlations between financial performance and having women senior executives in the company. However the more data we have to support this situation the better and the more diverse the types of company the better. The previous research I saw was based primarily on the financial industry.

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