Media and Communications Manager
The new report – CS Gender 3000: The Reward for Change - released this week reveals that employing more women in decision-making positions is good for business.
The report analyses over 3,000 companies and 27,000 senior managers covered by Credit Suisse globally. It examines firms with more than 50% female representation in senior management, Microfinance institutions and Venture Capital firms.
The findings show that higher percentages of women in top management are linked to greater returns for shareholders with better dividend payouts, better sales growth and higher market returns and profits.
The data also debunks the notion of a “Queen Bee” syndrome, which argues that women who make it to senior positions actively seek to exclude other women from promotions into top management. It shows that female CEOs globally are significantly more likely to surround themselves with other women in senior roles than their male counterparts.
Key Asia Pacific findings:
- Of the 1,400 companies analysed in 12 markets across Asia Pacific, there has been considerable improvement with a 60% rise in gender diversity at the boardroom level from 2010 to 2015.
- Companies with greater boardroom diversity continue to be rewarded with excess returns. Of 265 Asia Pacific companies with over USD10 billion market capitalisation, those with at least one female board member delivered 58% better performance in share prices from 2006 to July 2016.
- On the management front, the region has the highest level of female CEOs. Although still low, it sits at 4.6% across the continent compared 3.9% in the global dataset.
Read the full CS Gender 3000: The Reward for Change