Thought this press release worthy of passing along:
Dickstein Shapiro Paper Examines 'Women Leaders and The Bottom Line'
WASHINGTON, April 24 /U.S. Newswire/ -- Dickstein Shapiro Morin & Oshinsky LLP has recently published a white paper, titled "Women Leaders and the Bottom Line," which focuses on the correlation between women leaders and improved financial performance at corporations. Authored by top women leaders from the law firm of Dickstein Shapiro, the white paper highlights several studies that demonstrate the positive impact of women leaders on financial performance and, most notably, describes why the focus of the "women in the workplace" debate needs to shift from the challenges that women leaders face to the positive financial impacts of women leaders on businesses.
"There is significant attention on women in the workplace, but the focus must be on the proven ways women leaders improve financial performance and provide companies with a competitive advantage. As seen in other major business revolutions, such as the adoption of technology and globalization, striving for a competitive advantage is the impetus behind change," said Robin Cohen, Managing Partner of Dickstein Shapiro's New York office and co-author of the white paper. "Although the social reasons behind gender diversity are important, major business decisions are most often based on return and profitability."
Studies by organizations such as Catalyst, Glass Ceiling Research, and IVEY School of Business demonstrate that companies with more women leaders in their organizations have significantly higher returns to shareholders, higher returns on equity, and higher profitability than similar companies with fewer women at the top.
"This is not a men versus women issue. It is a discussion about what makes the best business sense for companies today," said Linda Kornfeld, Managing Partner of Dickstein Shapiro's Los Angeles office and co-author of the white paper. "Brilliance knows no gender, and organizations that recognize this point will benefit from better leaders and a competitive advantage."
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