Studies show a correlation between more women in senior positions and superior company performance, though it is hard to know whether more sexual diversity improves performance or top-notch firms promote more women.
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"While the broad picture emerging from the data is that Africa's economies have been expanding robustly and that poverty is coming down, the aggregate hides a great deal of diversity in performance, even among Africa's faster growers, " said Shanta Devarajan, the World Bank's chief economist for Africa.
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Proven performance results of board diversity: Numerous studies(from groups such as Catalyst and McKinsey) link better corporate performance and board diversity.
Tony vigorously endorses the idea that diversity and business performance are linked.
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Other potential obstacles included declining flexible work arrangements that are perceived to be costly, less focus on diversity due to amplified performance pressure and increased competition over fewer open positions.
The business case for diversity is strong, and numerous studies on the cost and effectiveness of diversity or why gender diversity is a corporate performance driver list plenty of proof points.
Improved corporate performance occurs as a result of diversity alone.
Managers should take note that "a raft of research published over the last decade has shown that gender diversity and the right balance of talent can be a contributing factor to business performance, so there is a strong business case to ensure that we nurture female talent from the very start of their careers", said Ms Jackson.
They evaluated the remaining 350 companies using key environmental, social, and governance performance indicators, including waste productivity, CEO-to-average-worker pay ratio, leadership diversity, and employee turnover.
As Harvard Business School professors Lakshmi Ramarajan and David Thomas explained in their 2010 working paper A Positive Approach to Studying Diversity in Organizations, the notion that minority board members bring unique information to the table that leads to improved performance, though beneficial, does not account for better results.
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