Saturday, October 18, 2008

Women in Business: It Pays

You've all heard the phrase "behind every great man is a greater woman" and "if you want something done properly, get a woman to do it". Well now the proof is in the fiscal pudding.

A recent survey by Catalyst, a non-profit advisory group, looked at the relationship between women in corporate-officer positions and board-of-director positions in the U.S. Fortune 500 companies, and the fiscal bottom-line of these same companies.

Financial Post reporter Mary Teresa Bitti commented that:
"On average, companies with the highest representation of women in corporate-officer positions financially outperformed those with the lowest representation. In fact, return on equity was 35.1% higher. Total return to shareholders was 34% higher.

The numbers jumped for women serving as directors on Fortune 500 boards. On average, return on equity was 53% higher for those boards with a high representation of women than those with the least women; return on sales was 42% higher; and return on invested capital was 66% higher."

So, it would seem that the financial and business world is finally catching up with what we women have known all along: it pays to have women in business - or should that be, running your business!

1 comment:

women business said...

Thank you so much for that information! It's exciting to read things like that. Women have come so far. Today's world requires women business. Women today are playing an important role in the economy and in politics. I'm not saying that we don't still have quite a way to go; there is definitely still inequality. But slowly, it's getting better. We have come a long way in the last hundred years and I'm excited to see how much more progress is made just in my lifetime.