How do people make decisions?
A new study by Chris Bart, Professor of Strategic Management at the DeGroote School of Business at McMaster University, and Gregory McQueen, a McMaster graduate and senior executive associate dean at A.T. Still University’s School of Osteopathic Medicine in Arizona, shows that women are more likely to consider the rights of others and to take a cooperative approach to decision making. The survey of more than 600 board directors indicates that women’s abilities to make fair decisions when competing interest are at stake make them better corporate leaders. And in turn, this translates into better performance for their companies.
The study, which was published in the International Journal of Business Governance and Ethics (March 2013) found that having women on boards is no longer just the right thing to do but also the smart thing to do. Companies with few female directors may actually be shortchanging their investors.