News: What's good for women, is good for business

Diversity

What's good for women, is good for business

A research conducted by researchers at Catalyst and Harvard Business School suggests that what’s good for women is good for business and also for society. According to 'Gender and Corporate Social Responsibility: It's a Matter of Sustainability', companies with more women at the top may be better practitioners of corporate social responsibility. Catalyst and HBS researchers found that companies with more women board directors and corporate officers contributed significantly more charitable funds, on average, than companies with fewer or no women in senior roles.

A research conducted by researchers at Catalyst and Harvard Business School suggests that what’s good for women is good for business and also for society. According to 'Gender and Corporate Social Responsibility: It's a Matter of Sustainability', companies with more women at the top may be better practitioners of corporate social responsibility. Catalyst and HBS researchers found that companies with more women board directors and corporate officers contributed significantly more charitable funds, on average, than companies with fewer or no women in senior roles.

Studies have shown that women leaders may bring diverse perspectives on fairness and the distribution of resources to donation decisions, which may in turn broaden a company's commitment to CSR and increase its levels of charitable giving. The study undertaken by Catalyst and HBS, indicates that companies with more women leaders are not only more committed, on average, to corporate social responsibility - they may also be better at it, in the sense that such companies are likely to develop higher-quality CSR initiatives.

Source: The Economic Times

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Topics: Diversity, #Updates

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