Companies with the highest proportion of women in senior management have better return on equity and total returns...
to shareholders, according to the president of IT suppliers association Intellect.
Intellect - whose 800 member companies contribute about 10% of UK GDP and employ more than one million people - goes as far as to quantify the difference women make in running companies.
Its first President's Report - announced at the Intellect annual dinner at the Dorchester last week - said the return on equity is 35.1% higher and total return to shareholders is 34% higher where companies have the highest proportion of women in senior management.
And female chief executives or board directors add a 10% return on capital, said Intellect.
All this explains why Intellect is worried about the gender imbalance of those taking degrees in computer-related sciences. The report, which is introduced by Sean Finnan, President of Intellect, said, "With over 140,000 new entrants new entrants needed every year, the gender imbalance in those taking computer science-related degrees and in the technology sector in the UK is one of the worst in Western Europe.