NEW YORK - Achieving greater gender representation on corporate boards is not only simply a matter of fairness, it is good for the companys bottom line, Eve Ellis, a financial advisor with the Matterhorn Group at Morgan Stanley Wealth Management, said at the Women Advisors Forum on Wednesday.
During her presentation, Why Parity Matters, Ellis pointed to research that showed a positive correlation between significant female representation in the boardroom and a companys financial performance. According to a McKinsey study, companies with more women on their boards outperformed rivals with 42% higher return on sales, 66% higher return on invested capital and 53% higher return on equity. Another study from Catalyst indicated that companies with at least three women had 73% better return on sales and 83% better return on equity.
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