The correct answer is B. As recounted in Angelica Malin’s new book, in which a study of the largest 250 companies on the London Stock Exchange found that companies with more than one third of women in their executive committees enjoyed a profit margin greater than ten times higher. Most times, money talks – or to quote Bob Dylan: “Money doesn’t talk, it swears.” So . . . why in the world haven’t more companies pursued a policy of adding more female executives? Is it possible that (white) male leaders are choosing their own comfort level over what would aid the company? Is it possible they are simply unwilling to share the “reins of power” out of fears of being replaced? One’s head spins given all the interpretative possibilities of such a stark, startling statistic. Malin’s book is nothing if not a call for more female entrepreneurship, more empowerment, more determination than ever to break through. No wonder the book is dedicated in part to Taylor Swift.
Released today: episode #71 of my podcast series “Dan Hill’s EQ Spotlight,” featuring Angelica Malin McDargh discussing She Made It: The Toolkit for Female Founders in the Digital Age. Click here to get to the new episode.
Angelica Malin is the Editor-in-Chief of About Time Magazine and she’s the UK’s rising voice for championing women founders and entrepreneurs. She’s appeared on BBC News and LBC Business Hour and has been featured in The Telegraph, Forbes, and Real Business.