Better gender balance correlates with higher ratings
North American companies with a higher share of female directors on their boards also have higher credit ratings for their debt, according to analysis by Moody’s.
It found that the five companies with its highest credit rating (Aaa) had the least uneven gender balance, with an average of 28% of their board seats taken by women. The gender balance tended to worsen in line with the credit rating, with women making up just one
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