News
A Bonus If Even Just One Woman Is On The Board of Directors
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 presence of a single woman correlates with fewer accounting restatements. Co-author Susan Parker, an accounting professor and associate dean at Santa Clara University's Leavey School of Business, cites other research showing that heterogeneous groups are less susceptible to "group-think" and allow members to ask tough questions.
http://online.wsj.com/article/SB10001424127887324784404578145550410951498.html
Women doing well in math? That is not news, is it?! Full study to be published in Accounting Horizons soon.
Thanksgiving & Inaugural Retreat
Reentering the 'real world' after the inaugural Principle Quest Retreat, I am filled with gratitude. Thanksgiving takes on new meaning. Finding my calling and witnessing twelve women embark on a personal journey over this past weekend was a gift! Who knew the weekend before Thanksgiving would take on such meaning for us all? A huge thank you to the twelve courageous women who, not knowing what to expect, attended and agreed to trust the process. I am once again finding gratitude to be the highest form of spiritual practice, and just that rediscovery is wonderful, too! Happy Thanksgiving to everyone, and may you be embraced by family and friends with love and laughter.
Start-Ups Led By Women Do Better
The more women are in charge, the more successful the company, so says a new study "Women at the Wheel," a study of 20,000 companies.
Do Women Donate More Money Than Men?
Yes, according to this study. The Women's Philanthropy Institute released a new study yesterday about the effect of age and gender on giving. Women Give 2012 is available to download.