Average Stock Price of Gender Diverse Corporate Boards Outperform Those with No Women
(Thomson Reuters ONE) -
Thomson Reuters Study "Mining the Metrics of Board Diversity" Analyzes the
Progression of Women on Corporate Boards
NEW YORK, LONDON, July 10, 2013: Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, released its latest
study, "Mining the Metrics of Board Diversity" today. Findings show how the
progression of women on boards has increased gradually over the past five years
but that, on average, companies with mixed-gender boards have marginally better,
or similar, performance to a benchmark index, such as the MSCI World,
particularly over the past 18 months. Whereas, on average, companies with no
women on their boards underperformed relative to gender-diverse boards and had
slightly higher tracking errors, indicating potentially more volatility.
"Mining the Metrics of Board Diversity" reveals how the progression of women on
corporate boards has changed over time, region and by sector, and whether gender
diversity helps drive stock performance. It also looks at the proportion of
companies with processes in place to drive diversity and equal opportunity. The
study can be accessed in full here. Key findings include:
* Indices of companies with mixed gender boards have, on aggregate, marginally
better or very similar performance to a reference benchmark. Companies with
no women on their boards underperformed, on average, relative to gender-
diverse boards.
* Adoption of policies and processes to promote gender diversity and equal
opportunity increased from 64% in 2008 to 66% in 2012, and is particularly
high among the Americas, even without legislation or quotas.
* Local legal requirements appear to have had a greater impact in the adoption
of policies to improve gender diversity in companies, rather than media
related controversies.
* Global trends indicate a gradual increase in the percentage of companies
that have women on their boards with 59% of companies reporting women board
members, up from 56% in 2008.
* Only 17% of the companies analyzed report having a board consisting of 20%
or more women (13% in 2008); 45% report boards of 10% or more women (39% in
2008).
* From a regional perspective, EMEA has the most women on corporate boards
followed closely by the Americas, while companies in the Asia Pacific region
report having the least gender-diverse boards.
* Sector trends indicate that companies within the Technology, Industrials and
Non-Cyclical Consumer Goods & Services sectors lead in having the most
gender-diverse boards, while Healthcare companies have the least.
"Over the past five years significant measures have been put into place to help
increase equal opportunity and diversity and while there has been a gradual
increase in the percentage of companies that have women on boards, there is
still a long way to go, says Andre Chanavat, product manager, Environmental,
Social & Governance (ESG) at Thomson Reuters. "This study suggests that the
performance of companies with mixed boards matched or even slightly outperformed
companies with boards comprised solely of men, further reinforcing the idea that
gender equality in the workplace makes good investment and business sense."
"Mining the Metrics of Board Diversity" analyzes the level of gender diversity
on corporate boards compiled from 4,100 public companies globally, using data
from Thomson Reuters ASSET4 universe which provides objective and transparent
environmental, social and governance (ESG) information. In addition, it raises
the questions of what needs to be done for companies to hire more women to
corporate boards.
This study complements Thomson Reuters "Women in the Workplace" analysis of
February 2012, which revealed that corporations were doing more to track the
number of women they employ. Furthermore, those corporations that recorded more
women at managerial levels appeared to benefit from healthier share prices in
times of market turmoil. Click here for a copy of this earlier report.
Thomson Reuters ASSET4 ESG database provides in-depth environmental, social and
governance information enabling socially responsible investment analysis. The
ESG database contains information on 4,300+ global companies and over 750 data
points covering every aspect of sustainability reporting. For more information,
go to http://thomsonreuters.com/esg-research-data/
Thomson Reuters
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CONTACTS
Lemuel Brewster
PR Director, Investors
Thomson Reuters
+1 646 223 5147
Lemuel.brewster(at)thomsonreuters.com
Lauren Herman
Public Relations
Thomson Reuters
+ 1 646 223 5985
Lauren.Herman(at)thomsonreuters.com
Press release (PDF):
http://hugin.info/142273/R/1715336/569956.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1715336]
Unternehmensinformation / Kurzprofil:
Datum: 10.07.2013 - 10:30 Uhr
Sprache: Deutsch
News-ID 276970
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Kategorie:
Business News
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