Study: Women vitalize boards
Investment News
Riva Froymovich
November 20, 2006
According to the report, “Critical Mass on Corporate Boards: Why Three or More Women Enhance Governance” by the Wellesley Centers for Women, women “bring new issues and perspectives to the table, broadening the content of boardroom discussions to include the perspectives of multiple stakeholders.” The researchers of this report were Sumru Erkut, senior research scientist and associate director of Wellesley Centers for Women; Vicki W. Kramer, principal of the consulting firm V. Kramer & Associates; and Alison M. Konrad of the Richard Ivey School of Business at the University of Western Ontario. They found that three women constitute a critical mass on corporate boards, and once that critical mass has been achieved, difficult problems are less likely to be ignored and a collaborative dynamic is more likely to be established.
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