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https://theconversation.com/more-than-just-good-ethics-new-research-links-corporate-diversity-to-better-investment-decisions-267324>
"When we talk about diversity in business, it’s usually in moral or social
terms – fairness, inclusion and representation. But our new research suggests
diversity also pays off in a very practical way: helping companies make better
financial and investment decisions.
Company boards often get the attention in discussions about corporate
leadership. Yet much of the real decision-making happens within smaller,
specialised board committees – groups of directors responsible for areas such
as audit, risk, remuneration and sustainability.
These committees are where many of the big investment and governance decisions
are debated and ultimately shaped.
Our study looked at the effect of diversity within these board committees
across Australia’s 300 largest listed companies (the ASX 300).
The results were striking. Firms with more diverse committees – in terms of
gender, independence and professional background – made smarter and more
efficient investment decisions."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
