Women on boards keep M&A costs down

There’s one more reason to diversify your corporate board by including more women.

Companies with women directors were less likely to approve M&As. But when they did, the price they paid for acquisitions was reduced by 15.4%, reports cbc.ca.

Additionally, the study by researchers at UBC’s Sauder School of Business, found that for every one woman on the board, the number of a company’s attempted takeover bids reduced by 7.6%. This might indicate that women help temper hasty decisions about acquisitions by predominantly male CEOs, notes cbc.ca.

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