Startup Beat

Keeping a balance is an important aspect of almost everything in life. Nature, diet, exercise and life are all best when kept in harmony with the right amount of balance, and the workplace is no different. In fact, it was recently found that having a gender-diverse board of directors can help to protect the environment.

A study revealed that companies with a higher level of gender diversity on their boards experienced significantly fewer environmental lawsuits, suggesting that female directors contribute to reducing corporate environmental litigation. To highlight this, for every female added to a board of directors in the sample, the average lawsuit exposure is reduced by 1.5 percent which equals to an average environmental lawsuit (USD 204 million) resulting in a saving of USD 3.1 million, reports the Economic Times of India.

In addition to this, there is also positive news regarding the expectation of gender diversity reaching new heights

To read the full article click on the 'post' link at the top.