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United Nations Fund for Women (UNIFEM)

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Research > Engendering Corporate Governance
 

Engendering Corporate Governance

  An Overview
 

We want to explore the role of women in a changing corporate environment. whether this will affect the ability of women to secure and successfully retain positions within corporations, but also seeks to analyze whether having women in various corporate roles has any impact on the manner in which the corporation responds to these new changes and responsibilities.
The Eastern Finance Association found “an important association between firm performance and the presence of women on boards of directors.” The report also found “statistically significant positive relationships between the presence of women or minorities on the board and firm value” and concluded that “Overall, our results provide important evidence of a positive relation between firm value and diversity on the board of directors.”
Because of their life and work experiences, women bring unique perspectives to the boardroom and different approaches to the deliberation process. And these new perspectives and fresh insights can lead to better decision-making.
According to a study on Women on Boards in Philadelphia Area Public Companies, Women are more likely to hold positions on boards than to hold executive or c-level positions. In all but one of the categories with more than three, less than 40 percent of the companies have no women board members; at least 60 percent have women board members. On the other hand, with the exception of the Life Science/Bio/Pharm category, at least 50 percent of the companies have no women executives and no women c-level executives.
_ Life Science/Bio/Pharmacy is the only category in which women sit on the boards of all of the companies. Companies in this category report the lowest proportion of companies with no women executives and no women c-level executives and report the highest representation, proportionally, of women holding 20 percent or more of both executive and c-level positions.
_ Technology/Telecommunications have the fewest women at all levels of corporate governance, with 50 percent or more of companies in this category having no women board members, no women executives, and no women c-level executives.
_ The other categories, Consumer Goods, Financial Services, Healthcare, Manufacturing, and Utilities are about even in terms of their proportion of women on boards and in executive and c-level positions. Some 20 to 30 percent have no women board members, 40 to 60 percent have no women executives, and more than 50 percent have no women c-level executives

Resources
From Margins to Mainstream: From Gender Statistics to Engendering Statistical Systems
 

 

 

 

 

 

 

 

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