Savvy corporate leaders recognize that profits are not necessarily sufficient to sustain corporate growth over time. Increasingly, how a company behaves plays a central role for brand and risk management and could mean the difference between supportive and hostile stakeholders in the age of the activist investor and consumer. So how can organizations demonstrate their corporate citizenship?
One link: a gender-balanced board of directors is associated with better corporate social performance (CSP)—an evaluation of the impact of a company’s corporate social responsibility (CSR) activities compared to prescribed norms and expectations.
This report highlights how gender-diverse boards are good for business and society. Companies with both women and men in the boardroom are better equipped to oversee corporate actions and ensure corporate citizenship standards are not only met, but exceeded, building stronger, more sustainable companies.
Research Partners: AT&T Inc.; Bloomberg; BMO Financial Group; The Boston Consulting Group; Cardinal Health, Inc.; Chevron Corporation; Credit Suisse; Debevoise & Plimpton LLP; Dell Inc.; Desjardins Group; Deutsche Bank AG; EY; General Motors Company; Halliburton; Hewlett-Packard Company; IBM Corporation; KeyBank; Kimberly-Clark Corporation; McDonald’s Corporation; Novo Nordisk; Sodexo; State Street Corporation; Symantec; UPS; Verizon