A woman's place is in the boardroom — if you want a better-run business, that is.
Corporate boards with greater gender diversity function better, and it takes just one woman to make a difference. While earlier research suggested that it takes a few women in the boardroom to move the needle, a new study shows that even the presence of a single female board member has a positive impact, especially in male-dominated industries.
"There's been this number out there that you need three women on the board to make a difference. What I find is you don't need three," said Judy Zaichkowsky, marketing professor at Simon Fraser University in Vancouver, Canada, and author of the new research. "The idea that you need to have this big critical mass is not shown out in the data," she said.