Womens abilities to take fair decisions make them better corporate leaders according to a new study

Updated on: Saturday, March 30, 2013

The study found that women are more likely to consider the rights of others and to take a cooperative approach to decision-making, which ultimately results in better performance for their companies.

The research, which surveyed more than 600 board directors, revealed that male directors, who made up 75 per cent of the survey sample, prefer to make decisions using rules, regulations and traditional ways of doing business and getting along.

In comparison, female directors felt less constrained by these parameters, Business NewsDaily reported.

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."

The research also discovered that female corporate directors are significantly more inclined to take the interests of multiple stakeholders into account in order to arrive at a fair and moral decision.

In addition, women tend to use cooperation, collaboration and consensus-building more often, and more effectively, in order to make sound decisions.

Gregory McQueen, one of the study's co-authors from McMaster, said, "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," McQueen said.

Womens abilities to take fair decisions make them better corporate leaders according to a new study

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