Companies with more women in executive positions tend to have higher profits, according to a study made by Professor Roy Adler of Pepperdine University in Malibu, California. In a book ‘Gender Diversity in Board Rooms, published and released by the Insitute of Company Secretaries of India (ICSI) on the occasion of Corporation Governance week here today, the study said it tracked 215 Fortune 500 companies through an extensive 19-year study of the firms which showed a strong correlation betweern a strong record of promoting women into the executive suite and high profitability. The companies with highest percentages of female executives delivered earnings far in excess of the median for other large firms in their industries, the Prof Alder revealed. The study took advantagtes of a very large base of Fortune 500 data collected for the period 1980 to 1998. UNI
