Women On Company Boards Support Good Corporate Governance: Moody's
As per a latest report from one of the world’s prominent rating agency Moody’s, Companies based in advanced economies exhibit a correlation between board gender diversity and credit ratings, but those in emerging markets do not. Women account for an average of 29 percent of the board seats of investment-grade companies (those rated Baa and above) and an average of 24 percent of the board seats of speculative-grade companies. The presence of women on boards - and the potential diversity of opinion they bring - supports good corporate governance, which is positive for credit quality. In European companies, 35 percent of the board seats are held by women up by 2 percent from 33 percent in 2023. "North American companies follow closely behind, with female representation on boards rising to 30 percent from 29 percent last year. Women account for less than 20 percent of board seats in Latin America, the Middle East, Africa and Asia-Pacific.
