Advocates say board diversity creates shareholder value because varied experiences and values enable decision-makers to have a broader and richer understanding of the firm’s marketplace, prevent “group think", and ensure that boards adequately monitor the firm, among other expected benefits. They point to multiple studies finding that firms with women on their boards enjoy better financial performance. Opponents say boards should be focused on fulfilling their fiduciary responsibility rather than pursuing social causes. Supporting this view, several other studies have concluded that firms with women on their boards have worse financial perfo