Japanese Firms With More Female Directions Outperform, BI Says

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Japanese Firms With More Female Directions Outperform, BI Says
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(Bloomberg) -- Japanese companies that have more female directors tend to beat their peers in terms of stock market performance, according to analysis by...

-- Japanese companies that have more female directors tend to beat their peers in terms of stock market performance, according to analysis by Bloomberg Intelligence.Over three and five years, companies ranked in the top 10% for female directorships outperformed the Topix by about 7%, with the consumer goods sector leading the gains, according to a report by Yasutake Homma, BI ESG analyst.

Japan will aim to have women make up at least 30% of directorships at major firms by 2030, according to a draft plan issued by the Gender Equality Bureau that said more diversity can contribute to innovation and growth. A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free

'This makes me so mad': Kevin Hart, Mark Cuban regret passing on the chance to invest in this multibillion-dollar company in its early stages — here's why it haunts them to this day

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