This original research report produced by an independent, non-profit advisory organisation seeks to establish statistical support for the business case in terms of gender diversity in senior management.
Catalyst examined the financial performance of 353 Fortune 500 companies between 1996 and 2000. Companies were grouped into quartiles by female representation in management, and the top quartile companies' performance compared against that of the bottom quartile companies, both by industry and overall. A strong relationship is found between higher gender diversity in management and better financial performance. Appendices include a detailed description of the methodology, the statistical procedures used, and comparisons of statistics by specific industry.