A NEW study on women in board and management positions in Africa has found that those companies that do best on gender diversity also do better financially.The study by global management consultancy McKinsey finds that profit margins at those companies that rank in the top quartile when it comes to the share of women in board positions were 20% higher than the industry average.The study adds to a growing body of research internationally on the "diversity dividend" that companies can reap."The research indicates that it brings a diversity of viewpoints that leads to more robust decision making," said McKinsey’s Lohini Moodley.But McKinsey warns that although Africa comes in above average on measures of women in corporate and government leadership, the continent still has a very long way to go to attain gender equality."Numbers do not equal influence," say the authors of the survey, which the consultancy has conducted in Africa for the first time in its annual Women Matter series.INSE...
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