Canadian study shows women's abilities to make fair decisions make them better leaders than men
Women make better business decisions than men, A Canadian study has found.
The research, which looked at 600 board directors, showed women are fairer in making decisions, resulting in better performance for their companies.
Male directors, who made up 75 per cent of the sample, were shown to make decisions using rules and regulations, whereas women felt less constrained by these.
Female directors were also found to use cooperation, collaboration and consensus-building more often and more effectively than men to come to sound decisions.
Chris Bart, study co-author and professor of strategic management at McMaster University, Canada, said: ‘Our findings show that having women on the board is no longer just the right thing, but also the smart thing to do.’
Study co-author Gregory McQueen added: ‘Women seem to be predisposed to be more inquisitive and to see more possible solutions.
‘At the board level, where directors are compelled to act in the best interest of the corporation while taking the viewpoints of multiple stakeholders into account, this quality makes them more effective corporate directors.’