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
