This is How Female Leadership Affects Companies
Turns out, securing more women in senior positions is the secret to a company's success.
According to a new study by the Peterson Institute for International Economics and EY, having women in the C-suite or among the company's top executives, translates to increased profits for the company.
The study was conducted using data from 21,980 global, publicly-traded companies in 91 countries from various industries and sectors in 2014. The results found that companies with at least 30 percent of women in leadership positions, or the C-suite, gained 6 percent to their net profit margin.
This finding has further fueled the theory that hiring women in leadership positions is not just about fairness, but about gaining better business results overall.
During The 2016 MAKERS Conference, held last week at Terranea Resort in Rancho Palos Verdes, Calif., MAKER and Facebook COO Sheryl Sandberg explained how achieving gender parity is not just about accomplishing an ideal, but that it's also simply a smart decision.
"I think our pitch to men has to be, don't do it because it's the right thing, do it because it is good for you," Sandberg said during a presentation on managing bias in the workplace and ensuring diversity in the workforce. "The world is still run by men. And I'm just not sure it's going that well."
Get to know Sandberg in her exclusive MAKERS story in the video above.
• What's Holding Women Back From Succeeding in the Workplace?
• The Flexible Workplace
Photo Credit: Jerod Harris/WireImage/Getty Images