Do women make better CEOs than men?
Dr Farida Akhtar, Senior Lecturer, Macquarie Business School, looked at gender performance in listed companies on the S&P500 Index from 2000-2015
“Society generally accepts males in charge but when we look at the data, we actually find companies with female CEOs perform better”
“… the same goes for companies with a substantial female representation on their boards”
“Firms with a critical mass of females on the board (three or more) have a stronger corporate culture with regards to their intangible assets, including employees,”
“Females are fundamentally different from males and bring unique demographic skills. They nurture their employees more. They create better reward systems and greater flexibility.
“Companies in high technology industries and those with unique products that are scarce in the market tend to do better with female CEOs. Success in Research and Development (R&D) is highly prized in these companies and female directors can shape innovation and sustainable growth strategies.”
“Female-led firms are more likely to reduce unrest within internal corporate governance and this superior monitoring of management leads to greater transparency and performance”
Kudos to 4 women leading and excelling in ASX 200 organisations
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Shemara Wikramanayake, Macquarie Group
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Alison Watkins, CoCa-Cola Amatil
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Susan Lloyd-Hurwitz, Mirvac
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Elizabeth Gaines, Fortescue Metals
Elizabeth Gaines, Fortescue Metals
How many high performing female CEOs does it take to shift the dial?
Sources:
Lighthouse https://lighthouse.mq.edu.au/article/january-2020/Do-women-make-better-CEOs-than-men
CEO magazine https://news.theceomagazine.com/business/entrepreneurship/female-ceos-perform-better
#womenofimpact #LookOutCSuiteHereSheComes #selfpromotionmatters
Fortune favours the well prepared particularly on LinkedIn
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