A latest survey has established that companies having women in its Board of Directors are values and respected higher in the stock market.
A survey-um-research was undertaken by Economics experts from Munich University and Hong Kong University and found that there is a great appreciation for companies with Board of Directors where women had progressed to the highest level when there was no gender discrimination.
A research was undertaken in 51 countries about companies administered by women who were inducted and promoted due to others retiring due to old age or death.3000 companies were included in this research. The period considered was between 1998 and 2010.
If one of the women in the Board of Directors died, the stock value of that particular company went down by 2%. In case, a male is substituted in the vacant post in the Board of Directors in place of a female, the stock values went down by an average 3%.
However, in companies where a male heading an organisation left, it did not lead to any change in the stock value.
The survey confirms that talented women who climbed the adder in their careers to the topmost level by their own ability are much more admired and respected.
As per the research report, the percentage of women in high positions in various countries is:
Japan – 3%, USA – 8%, and Philippines – 20%.
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