A financial jolt for gender inequality

New research shows female-led family companies are up to 18 per cent more profitable. Australia's typically male-dominated family firms can no longer afford to look the other way.

A groundbreaking Italian study has found that a female chief executive will improve the profitability of family businesses with female directors. The study could be a significant trigger for change here in Australia, with an MGI survey last year finding that only 10 per cent of Australian family businesses had a female CEO.

The study, Gender interactions within the family firm, found that replacing a male CEO with a woman improves a company’s profitability. The more women the company had in the boardroom, the bigger the increase.

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