Joint study: Diverse leadership brings better firm performance
A study of publicly-listed companies in Singapore developed and led by the NUS Business School’s Centre for Governance and Sustainability (CGS) revealed that having a diverse board pays off. The Leadership Diversity and Firm Performance: A Study of Singapore-Listed Companies report showed that a firm’s performance is highest when it has an equal number of male and female leaders. Firms also fare better when they have leaders with more than 10 years of industry experience. In contrast, firms with a high proportion of leaders aged over 60 do not fare as well.
This study was jointly conducted by CGS, consultancy firm Connecting the Dots and EDGE Strategy. DBS and the Securities Investors Association (Singapore) are supporting partners.
Click here to read the press release.