Asia’s Woman Problem

In Corporate governance on 04/10/2017 at 1:21 pm
From NYT Dealbook:
Most of the richest men in China, Japan and South Korea run companies with few, if any, female board members.
Bloomberg’s Bruce Einhorn:
Many of Asia’s billionaires are less likely to have women on their boards because they control their companies through their own shareholdings or those of family members and family-controlled entities, according to Suken Bhandari, Singapore-based head of advisory for the region for ISS Corporate Solutions, a U.S.-based consulting firm.
This isn’t just about being fair. It’s about being responsible, argues Bloomberg’s Shelly Banjo:
Although women control the lion’s share of consumer spending, they’ve accounted for less than 10 percent of [Samsonite’s] net sales.
“Most of the people running the company are men and as a masculine brand, we were predominantly designing products and stores with men in mind,” C.E.O. Ramesh Tainwala explained.

(Update at 2.40 pm)

And then there’s this

A report published by Credit Suisse last year said companies with at least one woman director received a better return on their investments compared with companies with all-male boardrooms.

They say companies where women made up at least 15% of senior management were 50% more profitable than those where fewer than 10% of senior managers were female.

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