Ekta Mendhi is senior director of corporate strategy at CIBC. She serves as the co-chair of Women in Capital Markets' Women in Leadership Network. Beatrix Dart is the professor of strategic management at the Rotman School of Management. They co-founded and co-chair the Canadian Gender and Good Governance Alliance. This column reflects content developed in partnership with members of the Alliance.
Why does gender diversity on boards matter? Because purposeful board composition can enhance decision-making processes and augment an organization's performance and market reputation.
There is strong evidence that companies with gender-diverse boards are more likely to yield stronger financial results in the long term, and to enjoy a more positive and empowering organizational culture. They lead by example, sending a clear message that they value diversity of thought and experience. Research has shown the greatest benefits of diversity come with female representation between 40 per cent and 60 per cent at all levels.