Posted on 3/31/2017 8:00 AM By Kim Shepherd and Tom Brennan
If you’re expecting another article about breaking through the concrete ceiling or why women need to keep up the fight, prepare to be disappointed. While it’s necessary to appreciate all the women who have paved the way in the construction industry and the workforce overall, it’s not a good idea for today’s female leaders to focus on the struggle.
A positive emphasis on the power women already possess makes better business sense. Several recent studies indicate that increasing the number of women in executive leadership and board roles can increase profitability. One report from Grant Thorton LLP suggests that male-only boards in the United States, United Kingdom and India are incurring an opportunity cost, measured in lower returns, of a whopping $655 billion.