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A Bonus If Even Just One Woman Is On The Board of Directors

on Wed, 2012-11-28 18:38

Here's some boardroom math: Adding a single woman director equals fewer accounting do-overs.

New research shows that firms with at least one woman director are significantly less likely to restate quarterly or annual earnings than are companies with an all-male slate of directors—40% less likely, researchers say.

Restatements aren't just an issue of faulty calculations and extra charges in the next quarter. They can undermine a company's credibility, with shareholders second-guessing future earnings and questioning the abilities of a board's audit committee.

The study doesn't get into why the