

| Recent studies have constantly shown that companies with a higher percentage of women in boards or senior management perform better than the average. |
| “Newly public companies that have women in senior management enjoy higher initial public offering prices and higher earnings per share than companies that have all-made management teams.” Professor Theresa Welbourne of University of Michigan Business School – July 1999 |
| “The study suggests that the companies where women are most strongly represented at board or top- management level are also the companies that perform best” Women Matter, “Gender diversity, a corporate performance drive”, McKinsey study report 2007 |
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