Saturday, February 25, 2012

Recruit More Female Board Members

One of the VCs that I really respect, Aileen Lee, a partner at Kleiner Perkins, had tweeted/wrote about why more companies should recruit female board members – if you haven’t read the full article yet, you can find it here.

One of her main points is corporate boards need the female perspective because women are the majority of customers for several companies and often control family’s spending decisions.

The one statistic that most people might not realize, but isn’t all that surprising once you think about it, is that company’s who are more diversified based on gender have 36% better stock price growth and 46% better return on equity. Therefore, there seems to be a real difference in financial performance as well when companies are open to diverse perspectives.

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