Fearless Girl, a bronze statue of a girl facing a bull without fear, made her big debut in New York City on March 7th. According to Bloomberg, over 3,500 companies have added women to their Board of Directors since the installation of Fearless Girl. This monumental figure has not only increased the hiring of female Board of Directors but has given positive anticipation for women in business.
Whether your Board will be changing in the next month or the next year, consider adding women to the Boardroom. Catalyst, a leading nonprofit organization, has conducted research on the financial impact of women as Board of Directors. They analyzed financial measures such as return on equity, sales, and investment. Beal Associates found these statistics from the research most significant:
- Return on Equity: On average companies with the highest percentage of female Board of Directors outperformed companies by 53%.
- Return on Sales: On average, companies with the highest percentage of female Board of Directors outperformed companies by 42%.
- Return on Investment: On average, companies with the highest percentage of female Board of Directors outperformed companies by 66%.
The correlation between gender diversity and corporate performance should not be overlooked. As the rate of women Board of Directors increases, companies can anticipate significant financial growth.
To evaluate or add women to your Board, contact Maureen Hurd (262) 347-0575 or visit the Beal Associates About Us page.