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22 April, 2026

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Why balanced boards are smarter

by Steve Mullinjer, Andrew Myers and Andrew Kakabadse

Gender affects style of leadership and, to reap the benefits, the chair must not be a referee, but an orchestrator of difference.

balanced board

Image: eamesBot/Shutterstock.com

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Corporate boards are evolving and nowhere is this more evident than in how men and women approach decision-making.

Drawing on research by and Cognadi’s investigation into 200 board directors, the insights are clear: female leaders place far greater importance on communication and collaboration, while male leaders trust more in structure, process and “gut feel.” This deeper understanding isn’t just academic—it has critical implications for leadership, corporate governance and boardroom performance.

Communication vs. gut feel

A central finding about the differences between male and female leadership from Cognadi is striking:

• Female directors consistently rate effective communication as being essential. They thrive in boards where discussion is open, information flows freely, and multiple perspectives inform decisions.

• Male directors tend to rely more on their experience and instinct, placing less weight on communication. They favour structured governance, processes and compliance as the engines of sound decision-making.

This isn’t an issue of gender stereotyping. It highlights a diversity of mindset that boards can, and should, harness.

What’s driving performance?

Cognadi reports that female directors excel when boards are behaviourally oriented, embracing democratic principles, active participation and collaborative debate. These boards don’t just function, they perform better.

What accelerates this effect is ‘meta-cognitive recognition’—the chair’s active acknowledgment of how different perspectives lift board performance. In other words, the chair must regularly prompt introspection: “Are we listening enough? Are diverse minds influencing our direction?”

When chairs successfully foster these practices, they unlock board effectiveness by tapping into the full cognitive power of their members.

Prioritisation of communication

The research identifies four pillars which prove vital to female leaders’ achievements:

1. Clear communication channels: Well-established pathways between the boardroom and executives
2. Efficient information flow: Rapid escalation of critical insights
3. Collaborative discussions: Robust debate enriched by diverse views
4. Effective information management: Curation and filtering of data to fuel quality decisions.

These aren’t abstract ideas. They emerge in practice when boardrooms ensure that female voices are both heard and valued.

In support of this dynamic, female directors rely heavily on:

• A commercially astute company secretary, who ensures they have the information and context needed.
• Stakeholder engagement, which 88.9% of women directors say is essential, but often under-delivered, leaving gaps in insight.

Boards that structure communication this way are able to unleash female leadership’s full potential, ultimately improving strategic depth, solution creativity and risk awareness.

Structure, compliance and strategy

Male directors, for their part, lean toward a process-oriented governance model:
• Compliance assurance—boards rooted in clear policies and formal procedures.
• Governance-first induction—new directors steeped in structure from day one.
• Information coordination—attention to how data is organised and used.

But men don’t just reject participation outright. Some 83.9% acknowledge the value of strategic engagement, foresight and trust. At the same time, these features are layered over a foundation of discipline and framework.

Complementary strengths or a clash of cultures?

The tension between communication-focused and process-focused styles isn’t inherently negative; in fact, it can be a strength.

When female-led participatory culture intersects with male-driven structure, boards benefit from both:

• Creative debate and consensus
• Disciplined governance and strategic alignment

When harnessed, these differences create a dynamic balance, but only when chairs actively bring them into play.

The chair’s crucial role

Cognadi also highlights that the chair is not a referee, but an orchestrator of difference. In short, they act as a leader who blends structure with collaboration and can:

1. Balance structure and participation
• Design meetings to alternate between formal governance and open dialogue.
• Mix panel-like segments with breakout discussions.

2. Ensure transparent information flow
• Work with the company secretary to streamline data delivery.
• Implement real-time dashboards to reduce information bottlenecks.

3. Leverage different strengths
• Encourage male directors to highlight compliance and strategic vision.
• Invite female directors to evoke stakeholder sentiment and communication fluency.

4. Build trust and challenge tokenism
• Create psychologically safe environments in which women can speak up without fear.
• Push back against zero-sum perceptions of diversity.
• Challenge tokenism: women bring unique contributions.

5. Monitor progress through feedback
• Conduct periodic board reviews to reflect on whether diverse minds are influencing outcomes.
• Design these as meta-cognitive prompts and ask “what voices are we missing?”

Why this matters so much now

Modern boards are facing challenges of global scale. Digital disruption, geopolitical risk, climate crisis, and volatile markets are all realities having an impact on organisations.

These in turn require creative, inclusive thinking to adapt and respond, along with tightly-run governance to manage complexity and risk via discipline.

Boards that don’t weave communication culture into structural governance risk missing blind spots and failing to adapt. Those that do stand to benefit from both creativity and control.

Balanced boards are smarter

The evidence is clear, balanced boards are not just fairer, they’re smarter.

Female directors bring to the table a leadership style that values communication, collaboration and a strong connection to stakeholders. These qualities support inclusive dialogue, richer debate and more informed, well-rounded decision-making.

Meanwhile, male directors often bring complementary strengths, including structural clarity, a sharp focus on compliance, and forward-looking strategic foresight. These traits ultimately help boards stay disciplined, organised and risk-aware.

The most effective boards don’t favour one approach over the other. Instead, they are led by chairs who understand how to harness the full spectrum of thinking and leadership styles. These chairs intentionally blend process with participation, structure with open dialogue, and experience with external insight, creating boardrooms that are dynamic, responsive and far better equipped to tackle complexity.

In a world where businesses must navigate constant change, uncertainty and disruption, the ability to combine creativity with control is no longer optional, it’s essential.

Gender-diverse boards, guided by chairs who value both communication and governance discipline, are uniquely placed to meet these challenges with confidence.

Steve Mullinjer and Andrew Myers are consultants at Cognadi Systems, a leadership assessment organisation. Andrew Kakabadse (1948-2025) was a lynchpin figure in UK and global corporate governance and professor of governance and leadership at Henley Business School.

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