The Hawkamah Journal issue 01/2013 | Page 38

TIME FOR DIVERSITY AT THE TOP? The above two scenarios are revealing of the change that with investments across varied sectors and in different the need for capable women on the boards and the other relatively large company delivering consistently in energy and material focused investment approach to its leadership with a wider perspective and a different the board made business sense from a performance and research and statistics support the proposition and highlight the impact of gender board diversity on the to implement practices that were seen as essential to study concluded that companies with women on their boards tend to outperform companies without women The gender issue is also a recurring topic in family one woman on board and four performance related transition and to depart from the management silos Corporate governance advocates advance that increasing women representation on boards of directors is best practice and is believed to increase board effectiveness The current owner had witnessed and contributed to the rise of this empire that is very close to his heart and with women on a company board sends clear signals about the company’s commitment towards corporate is to provide entrepreneurial leadership of the company 36