Source: Diversity Wins Study by McKinseyA recent Mckinsey study shows how women involved in board decisions will benefit the organization 28% in outperforming their competition. Having a gender diverse board is a good thing but having a gender and racial diverse executive team is way better. The following diagram shows it all.
Source: Diversity Wins Study by McKinsey
Finally, another study referring to the American Sociological Review also states that companies who include diversity will have higher sales, more customers and profitability than similar competitor companies. A gender diverse board with a minimum representation of women of 30% respectively will generate about 34% of their revenue from innovation.