#GAReads | What's a woman on the board worth to stock investors? About 300 bps, according to CIBC study
"What’s a woman on the board worth to stock investors? About 300 bps, according to CIBC study":
Having women on a company’s board of directors leads to better stock market returns and that’s information institutional investors can use when deploying their portfolio strategies, a new report prepared by CIBC World suggests.
Based on CIBC’s data over an eight-year period, S&P/TSX companies with women on the board “produced an annual 11.1 per cent compounded return, more than 300 bps (basis points) of outperformance compared to the zero-female board member groups,” the report declares.