Research reveals the effect of increasing the average number of female directors on boards.
Increasing the average number of female directors on a board can increase company performance by more than a tenth, according to a study in Singapore.
The research, conducted by Lawrence Lo of the NUS Business School, used econometric methods to study the performance of female board directors.
Using Tobin's Q ratio, Lo found that performance could be enhanced by 11.8%.
According to Bloomberg, Singapore's Diversity Action Committee has data showing that women currently comprise 10.8% of directors among the state's listed companies.
A belief in diversity has been established in many quarters of the business environment in the West.
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